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243 N Water Street
Cambridge
N1R 3B9
$1,500,000
Residential Income
beds: 4
baths: 4.0
2,084 sq. ft.
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40650441
- Bedrooms:
- 4
- Bathrooms:
- 4
- Photos (33)
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FLOOR TO CEILING, WALL TO WALL - Don't miss this extensively renovated 4-unit rental - with potential to develop 2 additional units! Achieving a 5.6% cap rate - this property has been carefully renovated with an eye for design and energy efficiency.
Each unit is separately metered for electricity. Natural gas connectivity exists, but no gas is flowing to the units/building, reducing utility bills for tenants. Landlord pays for water with tenant agreements to reimburse at a specified monthly amount - all controlled by an in-unit thermostat.
Individual electric heat pumps provide forced-air heating and cooling to each unit - all controlled by in-unit thermostats. Together with new insulation, new plumbing/electrical and HVAC, this investment property will be low to no maintenance for years to come!
Two additional basement units are ready for the next phase of development - or perhaps used as storage for additional income. Newly paved driveway provides ample parking for tenant vehicles.
Located steps to public transit and quick access to Downtown Galt and Highways 24 & 401. Units are generally all the same or mirrored floor plans. All measurements as per i-Guide.
- Property Type:
- Residential Income
- Property SubType:
- Multi-4 Unit
- Listing General Location:
- 30 - Elgin Park/Coronation, 13 - Galt North
- Bedrooms:
- 4
- Bathrooms:
- 4.0 (Full:-/Half:-)
- Lot Size:
- 5,314 sq. ft.
- Lot Details:
- 158.55 x 33.19
- Lot Depth:
- 158'7"
- Lot Frontage:
- 33'2"
- Frontage Type:
- East
- Lot Shape:
- 158.40 ft x 33.19 ft x 158.55 ft x 33.72 ft
- Kitchens:
- 0
- County Or Parish:
- Waterloo
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Construction:
- Brick
- Basement:
- None, Unfinished
- Foundation:
- Block, Concrete Block
- UFFI:
- No
- Roof:
- Asphalt Shing
- Number of Storeys:
- 2
- Number of Buildings:
- 0
- Total Floor Area:
- 2,084 sq. ft.
- Finished Area Above Grade:
- 2,084 sq. ft.
- Fireplace:
- false
- Laundry Features:
- In-Suite
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- Cooling:
- Ductless
- Heating:
- Heat Pump
- Age Electric:
- 2
- Age Furnace:
- 2
- Age Plumbing:
- 2
- Age Tank:
- 2
- Other,4 X (Refrigerator, Stove, Microwave Range Hood, Dishwasher, Stacked Laundry Washer And Dryer); 4 X (2 X Wall Mount Ductless, 1 X Heat Pump, 1 X Ac Compressor, 1 X Air Exchanger, 1 X Electric Hot Water Heater)
- Dishwasher, Dryer, Refrigerator, Stove, Washer
- Tenants Belongings
- Separate Heating Controls
- false
- No
- Follow ON-401 W to Townline Rd/Waterloo 33 in Puslinch. Take exit 286 from ON-401 W. Take Can-Amera Pkwy/Waterloo Regional Rd 80 to Waterloo Regional Rd 24 in Cambridge.
- No
- HST Applicable To Sale Price:
- Included
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Zoning:
- R5
- Total Acres:
- 0.122
- Exposure / Faces:
- West
- Lot Site Features:
- Airport, City Lot, Highway Access, Public Transit, School Bus Route, Schools, Shopping Nearby
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Garage Spaces:
- 0.0
- Parking Places Covered:
- 0.0
- # Of Total Parking Spaces:
- 4.0
- # Of Open Parking Spaces:
- 4.0
- Driveway Parking:
- Outside/Surface/Open
- Road Frontage Type:
- Municipal Road
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Listed Date:
- Sep 19, 2024
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Virtual Tour
Listed by Royal LePage Wolle Realty
Data was last updated November 22, 2024 at 11:50 AM (UTC)
- MIKE HARVEY
- ROYAL LEPAGE WOLLE REALTY
- 1 (519) 5888088
- Contact by Email
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7-180 NORTHFIELD DR W.
Waterloo, ON, N2L 0C7