$1,690,000 $9,072 est/mo Sourced by Back At You

42 Portland Street,Cambridge, ON N1R 4C7

Cambridge ON, N1R 4C7

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Description

This is the definition of a turnkey and worry free investment. Welcome to 42 Portland st. Cambridge. No expense was spared in this conversion project from church to 4 unit property. With a 5 year lease in place for all 4 units, the savvy investor has no worries about tenant turn over, no worries about rental increases (4% per year already in place), and no worries about the maintenances of the building. In the next 5 years this building will collect $614,210 in rent and tenant covers all utilities. All mechanicals new and owned, appliances are brand new, metal roof for longevity, all new wiring (200amp) and plumbing and a new water main and sewer main, and Insulation redone to meet energy efficiency code. Seller open to VTB discussions. Located in a quiet area and truly a must see, don't let this opportunity slip by.

Details

MLS#40605582
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site36
Listing Provided BySHAW REALTY GROUP INC. | Tyler Palubiski

Features

Bed(s)7
Bath(s)4
SQ Feet1,450
BasementY
Story(s)1
Units4
ZoningRM4
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 48 seconds ago
ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN1R 4C7
Area12 Galt East
Subarea20 City Core | Wellington
Community Name20 City Core/Wellington
Listing VS Median (in 20 City Core/Wellington)
Price:
$1,690,000
low | high
Med:
$430,000
100% of Average
SqFt:
1,450
low | high
Med:
640
100% of Average
$ / SqFt:
$1,166
low | high
Med:
$672
92.353920118343% of Average
On Site:
36
low | high
Med:
3.000000
100% of Average
Sourced by Back At You
Listing Updated: July 16, 2024 at 10:34:41 AM PDT