42 Portland Street Cambridge, Ontario N1R 4C7
$1,690,000
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. Located in a quiet area and truly a must see, don't let this opportunity slip by. (id:12178)
Property Details
| MLS® Number | 40605582 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Community Features | Quiet Area |
| Features | Paved Driveway, Sump Pump |
| Parking Space Total | 6 |
| Structure | Shed |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 7 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Central Air Conditioning, Ductless |
| Exterior Finish | Aluminum Siding, Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1450.65 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 120 Ft |
| Size Frontage | 45 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rm4 |
https://www.realtor.ca/real-estate/27043050/42-portland-street-cambridge
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June 18 2024 04:21:42
Kitchener-Waterloo Association of REALTORS®
Shaw Realty Group Inc.
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