LOADING

243 Water Street N Cambridge, Ontario N1R 3B9

1 Bedroom 1 Bathroom 2084 sqft
2 Level Ductless Heat Pump

$1,500,000

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. (id:52468)

Property Details

MLS® Number 40643978
Property Type Single Family
AmenitiesNearBy Airport, Public Transit, Schools, Shopping
CommunityFeatures School Bus
Features Balcony
ParkingSpaceTotal 4

Building

BathroomTotal 1
BedroomsAboveGround 1
BedroomsTotal 1
Appliances Dishwasher, Microwave, Refrigerator, Stove, Water Meter, Hood Fan
ArchitecturalStyle 2 Level
BasementType None
ConstructionStyleAttachment Attached
CoolingType Ductless
ExteriorFinish Brick
HeatingType Heat Pump
StoriesTotal 2
SizeInterior 2084 Sqft
Type Apartment
UtilityWater Municipal Water

Land

AccessType Road Access, Highway Access
Acreage No
LandAmenities Airport, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 159 Ft
SizeFrontage 33 Ft
SizeIrregular 0.122
SizeTotal 0.122 Ac|under 1/2 Acre
SizeTotalText 0.122 Ac|under 1/2 Acre
ZoningDescription R5

Rooms

Level Type Dimensions
Second Level Kitchen 12'7'' x 11'4''
Second Level Living Room 12'7'' x 11'7''
Second Level 5pc Bathroom 8'6'' x 8'0''
Second Level Primary Bedroom 10'1'' x 9'9''

https://www.realtor.ca/real-estate/27440822/243-water-street-n-cambridge

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Andrew Macallum
Salesperson


Royal LePage Wolle Realty
180 Northfield Drive W., Unit 7a
Waterloo, Ontario N2L 0C7

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