Property Details
415-435 GARDEN Street, Cambridge, Ontario, N3H4E1
Sales Representative
Royal LePage Wolle Realty Brokerage - Waterloo
Tel: 519-747-2040
$3,999,000 - For sale
An outstanding chance to own a fully renovated 10-unit townhome complex in a highly desirable location ? all under one title with strong cash flow and condo conversion potential. This turnkey property features a mix of six 2-bedroom and four 3-bedroom units, each offering spacious layouts, private rear entrances, and finished basements for added living space. 18 parking spaces on the property for tenants. Renovated from top to bottom in 2020, every unit includes modern kitchens and bathrooms, flooring, appliances, and enhanced fire safety systems. Each townhome is separately metered for gas, water and electricity, with their own furnace, central A/C, hot water heater, and in-suite laundry ? ensuring convenience for tenants and lower operating costs for owners. Tenants are responsible for paying their own utilities. The owner is responsible for hallway lighting and cleaning, waste removal, snow clearing, landscaping, and insurance. Currently generating over $23,000 gross rent per month (Average rent is $2,305) this well-maintained complex offers a strong return in a growing rental market. Whether you're looking to expand your portfolio or secure a low-maintenance asset with market rents - this property is a rare find and worth a closer look. (id:2471)
Location DescriptionGARDEN STREET BETWEEN LAWRENCE ST AND CONCESSION ROAD
- Property Address:415-435 GARDEN Street, Cambridge, Ontario, N3H4E1
- Property Type:Multi-family
- Title:Freehold
- Lot Size:under 1/2 acre
- Acreage:under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Parking Space Total:18
- Bedrooms:24
- Bathrooms:10
- Floor Space:11128 sqft
- Heating Type:Natural gas, Forced air
- Storeys:2.5
- Basement Type:Full (Partially finished)
- Foundation Type:Poured Concrete
- Cooling Type:Central air conditioning
- Appliances Included:Water softener, Microwave Built-in
- Rental Equipment:Other, Water Heater
- Exterior Type:Concrete
- Amenities Nearby:Public Transit, Schools
Sales Representative
Royal LePage Wolle Realty Brokerage - Waterloo
Tel: 519-747-2040
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- Map 415-435 GARDEN Street, Cambridge, Ontario, N3H4E1
- Neighbourhood Information
415-435 GARDEN Street, Cambridge, Ontario, N3H4E1
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