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48 George Street N, Cambridge, ON, N1S 2M8

MLS® # 40610752
Investment For Sale In City Core, Cambridge, Ontario
$7,600,000
48 George Street N, Cambridge, ON - Outdoor With Facade
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Indoor Photo Showing Garage
48 George Street N, Cambridge, ON - Indoor Photo Showing Garage
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON -
48 George Street N, Cambridge, ON - Other
48 George Street N, Cambridge, ON - Other
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink
48 George Street N, Cambridge, ON - Indoor Photo Showing Bedroom
48 George Street N, Cambridge, ON - Indoor
48 George Street N, Cambridge, ON - Indoor
48 George Street N, Cambridge, ON - Indoor Photo Showing Other Room
48 George Street N, Cambridge, ON - Indoor Photo Showing Basement
48 George Street N, Cambridge, ON  - Outdoor With Facade
48 George Street N, Cambridge, ON  - Outdoor
48 George Street N, Cambridge, ON  - Outdoor
48 George Street N, Cambridge, ON  - Indoor Photo Showing Garage
48 George Street N, Cambridge, ON - Indoor Photo Showing Garage
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON - Outdoor With View
48 George Street N, Cambridge, ON -
48 George Street N, Cambridge, ON - Other
48 George Street N, Cambridge, ON - Other
48 George Street N, Cambridge, ON - Outdoor
48 George Street N, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink
48 George Street N, Cambridge, ON - Indoor Photo Showing Bedroom
48 George Street N, Cambridge, ON - Indoor
48 George Street N, Cambridge, ON - Indoor
48 George Street N, Cambridge, ON - Indoor Photo Showing Other Room
48 George Street N, Cambridge, ON - Indoor Photo Showing Basement
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48 George Street N, Cambridge, ON, N1S 2M8
$7,600,000

Property Information:

Stunning newer 20 unit building in great location. Built 2018 in Galt West, Cambridge. Very well professionally built. Planned to keep but for sale now creates best opportunity to investor enjoy income of about 5% cap for years hassle free. 12 one bedrooms and 8 2 bedrooms. Each unit has seperate hydro, gas and water meter. Works done for condo conversion.

Inclusions: Hot Water Tank Owned,Microwave,Smoke Detector

Building Features:

  • Floor Space: 12700 Square Feet

Property Features:

  • Bedrooms: 12
  • Acres Range: < 0.5
  • Basement: None
  • Built in: 2018
  • Construction Materials: Concrete
  • Cooling: Central Air
  • Driveway Parking: Covered Parking
  • Exterior Features: Balcony, Controlled Entry
  • Floor Space (approx): 12700 Square Feet
  • Heating: Forced Air
  • Interior Features: Elevator
  • Laundry Features: In-Suite
  • Lot Depth: 145 Feet
  • Lot Features: Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 114.00 Feet
  • Roof: Flat
  • Security Features: Smoke Detector
  • Water Source: Municipal
  • Zoning: C1RM1
  • Sewer: Other
  • No. of Parking Spaces: 21

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

Location of 48 George Street N, Cambridge, ON, N1S 2M8

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: High

33 hot days expected in 2050

Projected Storm Risk: Very High

13 storms expected in 2050

Projected Heat Risk: High

33 hot days expected in 2050

52/100

High

ClimateCheck®

Current data

This property, 48 George 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 Storm Risk:

13 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 48 George 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.

Demographic Information of 48 George Street N, Cambridge, ON, N1S 2M8

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$104,235.80

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.3 %

High school certificate or equivalent

33.58 %

Apprenticeship trade certificate/diploma

5.56 %

College/non-university certificate

19.95 %

University certificate (below bachelor)

0.12 %

University Degree

23.49 %

Commuter

Travel To Work

By Car

87.3 %

By Public Transit

4.76 %

By Walking

6.31 %

By Bicycle

0.0 %

By Other Methods

1.63 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

69.29 %

Houses

30.71 %

Own Vs. Rent