$1,900,000

Investment For Sale In Riverview, Cambridge, Ontario

$1,900,000

Property Information:

Rarely Offered Townhouse Complex featuring six independent units in the heart of Cambridge! This unique investment opportunity features 6 two-storey townhomes under one title. Comprising two 3-bedroom and four 2-bedroom units with a total of 7,006sf of living space, full basements, and 12 parking spaces. Each unit comes with a spacious 1,150sf layout, independent laundry, and separate water, gas, and hydro meters, ensuring tenants pay all utilities. Built in 1978 (Units A-D) and 2002 (Units E-F), two units are fully renovated, leaving room for further improvements. The large floorplans offer potential for conversion, allowing for additional bedrooms or units to increase rental income. Current gross income of $104,355 and potential upside of 68% increase in rents to $175,080. This property offers strong cash flow and significant equity growth potential, making it a rare find for investors looking to maximize returns. Attract quality tenants and strong rental income located in the growing area of Galt, close to Dundas and Hespeler with easy access to Highway 401 and Highway 8, close to major shopping centers and future Ion LRT stops. *Some photos have been virtually staged*

Inclusions: Other,Unit A: Fridge, Dishwasher, Stove, Washer, Dryer. Unit D: Fridge, Dishwasher, Stove, Washer, Dryer. Unit E: Stove

Exclusions : Tenant Belongings And All Other Appliances Not Listed In Inclusions.

Building Features:

  • Floor Space: 7006 Square Feet

Property Features:

  • Bedrooms: 14
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished
  • Built in: 1978
  • Construction Materials: Aluminum Siding, Brick Veneer
  • Cooling: Central Air, Wall Unit(s), Other
  • Driveway Parking: Private Drive Triple+ Wide
  • Floor Space (approx): 7756 Square Feet
  • Heating: Baseboard, Electric, Fireplace(s), Forced Air, Natural Gas
  • Interior Features: Separate Heating Controls, Separate Hydro Meters, Other
  • Laundry Features: In-Suite
  • Lot Depth: 265.56 Feet
  • Lot Features: Rectangular, Business Centre, City Lot, Near Golf Course, Highway Access, Hospital, Open Spaces, Park, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
  • Lot Frontage: 70.19 Feet
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: RM4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 12

Courtesy of: Keller Williams Signature Realty, Brokerage

Data provided by: The Oakville, Milton and District Real Estate Board 125 Navy Street, Oakville, Ontario L6J 2Z5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved