7 Bedroom
4 Bathroom
2,985 ft2
None
Baseboard Heaters
$1,074,000
Incredible income potential with this legal 4-plex located in the highly desirable Cambridge neighbourhood, perfect for investors or multi-generational living. This well-maintained building sits on an extra large lot with a detached garage and ample parking for 8+ vehicles. The property features a spacious 3-bedroom unit with loft, two 1-bedroom units, and a 2-bedroom basement unit, each with in-unit laundry, separate hydro meters, and individual water heaters. Numerous updates have been completed by the long-time owner, ensuring the property is in excellent condition. Located close to schools, parks, downtown, restaurants, shopping, and the Speed River, with easy access to Hwy 401 and a short commute to Toyota. The impressive income potential is the standout feature here. Ideal for savvy investors who value a lucrative strategy, the potential return on investment is impressive. Contact the listing agent for a breakdown of the numbers and to discuss the upside of this exceptional opportunity. (id:60626)
Property Details
MLS® Number
|
40740369 |
Property Type
|
Multi-family |
Neigbourhood
|
Hespeler |
Amenities Near By
|
Park, Place Of Worship, Playground, Public Transit, Schools |
Community Features
|
School Bus |
Features
|
Paved Driveway, Skylight |
Parking Space Total
|
10 |
Structure
|
Porch |
Building
Bathroom Total
|
4 |
Bedrooms Total
|
7 |
Basement Development
|
Finished |
Basement Type
|
Full (finished) |
Constructed Date
|
1903 |
Cooling Type
|
None |
Exterior Finish
|
Brick, Vinyl Siding |
Foundation Type
|
Stone |
Heating Type
|
Baseboard Heaters |
Stories Total
|
3 |
Size Interior
|
2,985 Ft2 |
Type
|
Fourplex |
Utility Water
|
Municipal Water |
Parking
Detached Garage
|
|
Visitor Parking
|
|
Land
Access Type
|
Road Access |
Acreage
|
No |
Land Amenities
|
Park, Place Of Worship, Playground, Public Transit, Schools |
Sewer
|
Municipal Sewage System |
Size Depth
|
180 Ft |
Size Frontage
|
60 Ft |
Size Irregular
|
0.249 |
Size Total
|
0.249 Ac|under 1/2 Acre |
Size Total Text
|
0.249 Ac|under 1/2 Acre |
Zoning Description
|
R2 |