$749,900

Investment For Sale In Central Park, Cambridge, Ontario

$749,900

Property Information:

Excellent Cap Rate At 5%..... Great Triplex with 3 - 2 bedroom units. Each unit has their own gas furnace. However, there is one gas meter for the property. The three owned hot water heaters have been replaced over last few years. Shingles were replaced in September 2022. Deck was installed in 2023. Windows and insulation were updated between 2006-2008. Excellent location in Cambridge with access to retail and transit. The rear lower unit has had a recent makeover. This property would be ideal for an investor who wants to live in one unit while renting the other two. The current tenants pay hydro, cable and internet while the landlord pays gas & water.

Inclusions: None

Exclusions : All Tenant Belongings

Building Features:

  • Floor Space: 2311 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Driveway Parking: Private Drive Double Wide, Private Drive Triple+ Wide
  • Floor Space (approx): 2311 Square Feet
  • Heating: Forced Air, Natural Gas
  • Laundry Features: None
  • Lot Depth: 100 Feet
  • Lot Features: Dog Park, City Lot, Highway Access, Hospital, Park, Place of Worship, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 50.00 Feet
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R5
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX REAL ESTATE CENTRE INC. BROKERAGE-3

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