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154 Ainslie Street N Cambridge, Ontario N1R 3P5

12 Bedroom 12 Bathroom 12363
Central Air Conditioning, Wall Unit Baseboard Heaters, Forced Air

$3,995,900

PURPOSE BUILT COMMERCIAL AND RESIDENTIAL BUILDING in the heart of picturesque Downtown Galt steps to the Grand River and Cambridge Mill, Waterscape Towers and future developments. 12,363 sq ft sitting on approximately 1/3 acre of prime land. Main floor commercial unit (3800 sq ft currently vacant) projected rent $52,500 per annum plus tmi. 12 furnished apartments (1 bedroom each designed as accessible units) serviced by an elevator with 6 apartments on each floor and coin operated laundry facilities on each floor. 16 onsite parking spaces. All leases are month to month. This unique building has been the primary short stay residence of Cambridge with repeat occupants. Many local corporations regularly lease units. Immaculately maintained in exceptional condition. The owner has cared for this building with pride. A steel roof covers the building. Each residential unit has independent heat, water heaters and wall air conditioners. Average rent per unit is $1850 per month including utilities, cable, and Wi-Fi. Biweekly housekeeping offered upon request. This is an opportunity to participate in the regeneration of the downtown core and enjoy the evolution. Projected 6% cap-rate, this is the perfect investment. Income and expenses available to qualified buyers. (id:40058)

Property Details

MLS® Number 40130915
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Public Transit, Schools, Shopping
Community Features Quiet Area
Features Park/reserve, Paved Driveway, Laundry- Coin Operated

Building

Bathroom Total 12
Bedrooms Total 12
Basement Type None
Construction Style Attachment Detached
Cooling Type Central Air Conditioning, Wall Unit
Exterior Finish Brick, Stone
Fire Protection Smoke Detectors
Foundation Type Block
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Size Interior 12363
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 145 Ft
Size Frontage 112 Ft
Size Total Text Under 1/2 Acre
Zoning Description Res/office

https://www.realtor.ca/real-estate/23345624/154-ainslie-street-n-cambridge

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