Here Is An Opportunity To Own A Purpose-Built, Townhome Four-Plex In Cambridge. Each Unit Is 3 Bedrooms And 1 Bath, With Its Own Garage, Laundry, Hot Water Heater, And Metered Separately. The Building Itself Sits On Almost Half An Acre Of Land Zoned Rm4. Currently, 3 Out Of 4 Units Are Tenant Occupied And One Is Owner-Occupied. Total Possible Rents On The Property Exceed $100K/Year. Zoning Allows For More Units And The Property Can Be Severed Into 4 Individual Units Or 2 Duplexes And Sold Individually. Potential Cap Rate Over 6%.
Property Type:
Freehold
Freehold Type:
Fourplex
Home Style:
3-Storey
Approx. Age:
51-99
Depth:
190'57.912 m
Frontage:
97'29.566 m
Exposure:
West
Bedrooms:
3
Bathrooms:
1.0
Water supply:
Municipal
Kitchens:
1
Rooms:
16
Zoning:
Rm4
Heating type:
Other
Heating Fuel:
Electric
Basement:
None
Fireplace/Stove:
No
Garage:
Attached
Garage Spaces:
4
Parking Spaces:
8
Total Parking Spaces:
12
Driveway:
Private
Family Room:
N
Possession Details:
Flexible
Taxes:
$8,024 /
2022
Assessment:
$651,000.00 /
2022
Floor
Ensuite
Pieces
Other
-
4
All Leases Expired/Month To Month. Information On Income Based On The 3 Currently Tenanted Units And The Owner Occupied Unit Not Paying Rent. (Realtor Remarks For More Info)