TRULY A MUST-SEE INVESTMENT. LEGAL 5 PLEX. HAS BEEN RENTED AS A 6 PLEX SINCE 2003. LARGE OLDER HOME (3 + 1 UNIT) WITH 2 SEMI DETACHED HOMES ON THE BACK. RENTS ARE BELOW MARKET VALUE WITH CURRENT INCOME OVER $74,500 PER YEAR GROSS. THIS 5 PLEX IS CENTRALLY LOCATED, FULLY RENTED WITH SOME LONG TERM TENANTS. PLENTY OF PARKING, DRIVEWAY PAVED SUMMER OF 2019. BOTH SEMI'S RESHINGLED APPROX 2004. SEMI A HAS A HIGH EFFICIENCY GAS FURNACE NEW IN FEB 2021. SEMI B HAS A HIGH EFFICIENCY FURNACE APPROX 10 YEARS OLD. MAIN HOME IS GAS HOT WATER BOILER. MAIN HOUSE WAS RE-SHINGLED AND SHEETED IN 2018. THE IN-LAW SUITE/ACCESSORY UNIT (UNIT F) WAS REDONE IN 2018 WITH A NEW DORMER AND WINDOW AND IS CURRENTLY RENTED AS AN AIRBNB. ZONING ALLOWS FOR A 6 PLEX. A GREAT INCOME PRODUCER WITH LOTS OF POTENTIAL!
Off market
Price Unknown
203 Water St N, Cambridge, ON N1R 3B9
10beds
0baths
4,783sqft
Multi-5 Unit
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 0
Appliances
- Laundry: In Area
Features
- In-Law Suite
- Fireplace features: Natural Gas
Interior area
- Total interior livable area: 4,783 sqft
Property
Lot
- Topography: Flat site
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-5 Unit
Utilities & green energy
- Sewer: Sewer (Municipal)
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Cambridge
Other
Other facts
- Property Type: Residential Income
- Roof: Asphalt Shing
- Sewer: Sewer (Municipal)
- Features Area Influences: Hospital, Shopping Nearby, Major Highway, Place of Worship, Public Transit, Schools
- Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
- Heating: Gas Hot Water, Gas, Forced Air
- Fireplace Features: Natural Gas
- Topography: Flat site
- Interior Features: In-Law Suite
- Laundry Features: In Area
- Location: Urban
- Property Sub Type: Multi-5 Unit