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42 PORTLAND Street
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42 PORTLAND Street $1,690,000
$1,690,000
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42 PORTLAND Street
Cambridge, Ontario N1R4C7

MLS® Number: 40605582
7
Bedrooms
4
Bathrooms
1451
Square Feet

Listing Description

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. Located in a quiet area and truly a must see, don't let this opportunity slip by. (67648632)

Location Description

Oxford St to Portland St

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
1
Square Footage
1451 sqft
Subdivision Name
20 - City Core/Wellington
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$0
Total Parking Spaces
6
Time on REALTOR.ca
18 days

Building

Bathrooms
Total
4
Interior Features
Basement Type
Full (Finished)
Building Features
Features
Paved driveway, Sump Pump
Foundation Type
Poured Concrete
Structures
Shed
Total Units
4
Heating & Cooling
Cooling
Central air conditioning, Ductless
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Aluminum siding, Brick
Neighbourhood Features
Community Features
Quiet Area
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit, Schools
Parking
Total Parking Spaces
6

Measurements

Square Footage
1451 sqft
Above Grade Finished
1451 sqft
Source: Other

Land

Lot Features
Frontage
45 ft
Land Depth
120 ft
Other Property Information
Zoning Description
RM4
Data provided by: Waterloo Region Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
226-789-8337
000-000-0000
REALTOR® Website
Email
Book showing
SHAW REALTY GROUP INC.
135 George St. N. Unit #201
CAMBRIDGE, Ontario N1S5C3
800-764-8138
000-000-0000
Office Website
519-651-9057
000-000-0000
REALTOR® Website
Email
Book showing
SHAW REALTY GROUP INC.
135 George St. N. Unit #201
CAMBRIDGE, Ontario N1S5C3
800-764-8138
000-000-0000
Office Website

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