243 Water Street N, Cambridge
- Bedrooms: 4
- Bathrooms: 4
- Living area: 2084 square feet
- Type: Apartment
- Added: 12 hours ago
- Updated: 11 hours ago
- Last Checked: 3 hours ago
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:1945)
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Property Details
- Cooling: Ductless
- Heating: Heat Pump
- Stories: 2
- Structure Type: Fourplex
- Exterior Features: Brick
- Foundation Details: Block
Interior Features
- Basement: None
- Living Area: 2084
- Bedrooms Total: 4
- Above Grade Finished Area: 2084
- Above Grade Finished Area Units: square feet
- Above Grade Finished Area Source: Other
Exterior & Lot Features
- Water Source: Municipal water
- Lot Size Units: acres
- Parking Total: 4
- Lot Size Dimensions: 0.122
Location & Community
- Directions: Follow ON-401 W to Townline Rd/Waterloo 33 in Puslinch. Take exit 286 from ON-401 W. Take Can-Amera Pkwy/Waterloo Regional Rd 80 to Waterloo Regional Rd 24 in Cambridge.
- Common Interest: Freehold
- Street Dir Suffix: North
- Subdivision Name: 30 - Elgin Park/Coronation
- Community Features: School Bus
Utilities & Systems
- Sewer: Municipal sewage system
Tax & Legal Information
- Tax Annual Amount: 5243.28
- Zoning Description: R5
Additional Features
- Number Of Units Total: 4
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