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243 Water Street N, Cambridge, ON, N1R 3B9

MLS® # 40643978

new listing

Condo For Sale In Cambridge

$1,500,000

1 Beds

1 Bath

QuickQuoteTM: Not Available
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor
243 Water Street N, Cambridge, ON - Outdoor With Backyard
243 Water Street N, Cambridge, ON - Outdoor
243 Water Street N, Cambridge, ON - Outdoor With Backyard
243 Water Street N, Cambridge, ON - Outdoor
243 Water Street N, Cambridge, ON - With Exterior
243 Water Street N, Cambridge, ON -
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Outdoor
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Laundry Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Bathroom
243 Water Street N, Cambridge, ON - Indoor Photo Showing Laundry Room
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Other
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink
243 Water Street N, Cambridge, ON - Indoor Photo Showing Kitchen
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor
243 Water Street N, Cambridge, ON - Outdoor With Backyard
243 Water Street N, Cambridge, ON - Outdoor
243 Water Street N, Cambridge, ON - Outdoor With Backyard
243 Water Street N, Cambridge, ON - Outdoor
243 Water Street N, Cambridge, ON - With Exterior
243 Water Street N, Cambridge, ON -
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Outdoor
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Other Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Laundry Room
243 Water Street N, Cambridge, ON - Indoor Photo Showing Bathroom
243 Water Street N, Cambridge, ON - Indoor Photo Showing Laundry Room
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Outdoor With Exterior
243 Water Street N, Cambridge, ON - Other
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243 Water Street N, Cambridge, ON, N1R 3B9
$1,500,000

1 Beds

1 Bath

Property Information:

FLOOR TO CEILING, WALL TO WALL - Don't miss this extensively renovated 4-unit rental - with potential to develop 2 additional units!Achieving a 5.6% cap rate - this property has been carefully renovated with an eye for design and energy efficiency. Each unit is separately metered for electricity. Natural gas connectivity exists, but no gas is flowing to the units/building, reducing utility bills for tenants. Landlord pays for water with tenant agreements to reimburse at a specified monthly amount - all controlled by an in-unit thermostat. Individual electric heat pumps provide forced-air heating and cooling to each unit - all controlled by in-unit thermostats.Together with new insulation, new plumbing/electrical and HVAC, this investment property will be low to no maintenance for years to come!Two additional basement units are ready for the next phase of development - or perhaps used as storage for additional income. Newly paved driveway provides ample parking for tenant vehicles.Located steps to public transit and quick access to Downtown Galt and Highways 24 & 401.Units are generally all the same or mirrored floor plans. All measurements as per i-Guide.

Inclusions: Dishwasher,Microwave,Range Hood,Refrigerator,Stove

Building Features:

  • Floor Space: 2084 Square Feet

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1+0
  • Acres Range: < 0.5
  • Architectural Style: Two Story
  • Basement: None, Unfinished
  • Cooling: Ductless
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 2084 Square Feet
  • Heating: Heat Pump
  • Interior Features: Air Exchanger, Separate Heating Controls, Separate Hydro Meters, Water Meter
  • Laundry Features: In-Suite
  • Lot Depth: 158.55 Feet
  • Lot Features: Urban, Airport, City Lot, Highway Access, Public Transit, School Bus Route, Schools, Shopping Nearby
  • Lot Frontage: 33.19 Feet
  • Road Frontage Type: Municipal Road
  • Roof: Asphalt Shing
  • Water Source: Municipal-Metered
  • Zoning: R5
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Rooms:

  • Bathroom 2nd Level 2.59 X 2.44
  • Living 2nd Level 3.84 X 3.53
  • Primary Bedroom 2nd Level 3.07 X 2.97
  • Kitchen 2nd Level 3.84 X 3.45

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
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

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Location of 243 Water Street N, Cambridge, ON, N1R 3B9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

33 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

13 storms expected in 2050

Projected Heat Risk: Moderate

33 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 243 Water Street N, experiences 7 hot days per year at around 31.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 34.6 degrees Celsius.

Projected Avg. Temperature

Past
31.1℃
2050
34.6℃

# Hot Days Per Year

Past
7
2050
33

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

13 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 243 Water Street N, experiences 11 significant 2-day storms per year, with about 321.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 396.2mm of precipitation per year.

Precipitation Per Storm

Past
321.5mm
2050
396.2mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 243 Water Street N, Cambridge, ON, N1R 3B9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$100,618.71

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

28.74 %

High school certificate or equivalent

33.22 %

Apprenticeship trade certificate/diploma

6.36 %

College/non-university certificate

21.27 %

University Degree

10.4 %

Commuter

Travel To Work

By Car

90.93 %

By Public Transit

3.22 %

By Walking

2.86 %

By Bicycle

0.0 %

By Other Methods

2.99 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

11.11 %

Houses

88.89 %

Own Vs. Rent

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