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243 Water St N

Water St N, Galt City Centre, Cambridge, ON, N1R 3B9

4
Beds
4
Baths
2,084
Sq. Ft.
$1,500,000
List Price
Details
Photos
33
Comparables
History
243 Water St N, Cambridge, ON - 1 of 3
243 Water St N, Cambridge, ON - 2 of 3
243 Water St N, Cambridge, ON - 3 of 3
63 days on market

Quick Summary

  • Extensively renovated 4-unit rental property
  • Potential to develop 2 additional units
  • Achieves a 5.6% cap rate for investors
  • Carefully renovated with energy efficiency
  • Separately metered electricity for each unit
  • Landlord pays for water with tenant reimbursement
  • Individual electric heat pumps for heating/cooling
  • Newly paved driveway with ample parking

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... Show More

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:54626)

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Property Details

Size

2,084 sq. ft.
across 2 floors
4 Beds
4 Baths
4 Full

Parking

4 Parking Spaces
-

Build

Year Built
-
Model Name
-
Exterior
-
Builder Name
-
Floors
-
Flooring
-

Heating & Cooling

Heating
Heat Pump
Cooling
Ductless

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40650441
Last Updated
October 24, 2024
Brokerage
Royal LePage Wolle Realty
Powered by: REALTOR.ca
Call us 800-591-0566

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