LOADING

42 Portland Street Cambridge, Ontario N1R 4C7

7 Bedroom 4 Bathroom 1450.65 sqft
Central Air Conditioning, Ductless Forced Air

$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. Seller open to VTB discussions. Located in a quiet area and truly a must see, don't let this opportunity slip by. (id:40058)

Property Details

MLS® Number 40605582
Property Type Multi-family
Amenities Near By Hospital, Park, Place Of Worship, Public Transit, Schools
Community Features Quiet Area
Features Paved Driveway, Sump Pump
Parking Space Total 6
Structure Shed

Building

Bathroom Total 4
Bedrooms Total 7
Basement Development Finished
Basement Type Full (finished)
Cooling Type Central Air Conditioning, Ductless
Exterior Finish Aluminum Siding, Brick
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 1450.65 Sqft
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Park, Place Of Worship, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 120 Ft
Size Frontage 45 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rm4

https://www.realtor.ca/real-estate/27043050/42-portland-street-cambridge

Interested?

Contact us for more information


Generating Captcha

Your Favourites

 

No Favourites Found