42 PORTLAND Street Cambridge

42 PORTLAND Street, Cambridge, Ontario

$1,690,000

  • 7 Beds
  • 4 Baths
  • 1,451 Square Feet

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. Seller open to VTB discussions. Located in a quiet area and truly a must see, don't let this opportunity slip by. (id:23309)

  • Listing ID: 40605582
  • Property Type: Multi-family

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Details

  • Amenities Nearby: Hospital, Park, Place of Worship, Public Transit, Schools
  • Community Features: Quiet Area
  • Features: Paved driveway, Sump Pump
  • Ownership: Freehold
  • Parking Spaces: 6
  • Structure: Shed
  • Transaction: For sale
  • Zoning Description: RM4

Building

  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Cooling: Central air conditioning, Ductless
  • Exterior Finish: Aluminum siding, Brick
  • Fireplace Present: False
  • Foundation: Poured Concrete
  • Bathrooms (Total): 4
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 1450.65 sqft
  • Stories Total: 1
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Amenities: Hospital, Park, Place of Worship, Public Transit, Schools
  • Sewer: Municipal sewage system
  • Size Frontage: 45 ft
MLS®

Listing provided by SHAW REALTY GROUP INC.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 42 PORTLAND Street in Cambridge Ontario, was last modified on June 14th, 2024. Contact the Property Gals to schedule a viewing or to find other properties for sale in Cambridge.

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