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 | X8442146 |
| Property Type | Single Family |
| Parking Space Total | 6 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 7 |
| Appliances | Dryer, Microwave, Refrigerator, Stove, Two Washers, Two Stoves, Washer |
| Architectural Style | Raised Bungalow |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Aluminum Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | 45 X 120 Ft |
| Size Total Text | 45 X 120 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Bathroom | 1.49 m | 2.61 m | 1.49 m x 2.61 m |
| Basement | Bathroom | 1.47 m | 2.5 m | 1.47 m x 2.5 m |
| Basement | Bedroom | 2.89 m | 3.07 m | 2.89 m x 3.07 m |
| Basement | Bedroom | 2.65 m | 2.89 m | 2.65 m x 2.89 m |
| Basement | Bedroom | 2.88 m | 4.12 m | 2.88 m x 4.12 m |
| Main Level | Bathroom | 1.48 m | 2.36 m | 1.48 m x 2.36 m |
| Main Level | Bedroom | 2.74 m | 2.79 m | 2.74 m x 2.79 m |
| Main Level | Bedroom | 3.64 m | 2.95 m | 3.64 m x 2.95 m |
| Main Level | Bedroom | 2.72 m | 2.74 m | 2.72 m x 2.74 m |
| Main Level | Bedroom | 3.65 m | 4.4 m | 3.65 m x 4.4 m |
| Main Level | Bathroom | 1.49 m | 2.57 m | 1.49 m x 2.57 m |
https://www.realtor.ca/real-estate/27043941/42-portland-street-cambridge
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June 20 2024 07:38:43
Toronto Real Estate Board
Shaw Realty Group Inc.
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