42 PORTLAND STREET Cambridge

42 PORTLAND STREET, Cambridge, Ontario

$1,690,000

  • 7 Beds
  • 4 Baths

This is the definition of a turnkey and worry free investment. Welcome to 42 Portland st. Cambridge. No expense was spared in this conversion project from church to 4 unit property. With a 5 year lease in place for all 4 units, the savvy investor has no worries about tenant turn over, no worries about rental increases (4% per year already in place), and no worries about the maintenances of the building. In the next 5 years this building will collect $614,210 in rent and tenant covers all utilities. All mechanicals new and owned, appliances are brand new, metal roof for longevity, all new wiring (200amp) and plumbing and a new water main and sewer main, and Insulation redone to meet energy efficiency code. Located in a quiet area and truly a must see, don't let this opportunity slip by. (id:56241)

  • Listing ID: X8442146
  • Property Type: Single Family

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Rooms

LevelTypeDimensions
Bathroom Basement 1.49 m x 2.61 m
Bathroom Basement 1.47 m x 2.5 m
Bedroom Basement 2.89 m x 3.07 m
Bedroom Basement 2.65 m x 2.89 m
Bedroom Basement 2.88 m x 4.12 m
Bathroom Main level 1.48 m x 2.36 m
Bedroom Main level 2.74 m x 2.79 m
Bedroom Main level 3.64 m x 2.95 m
Bedroom Main level 2.72 m x 2.74 m
Bedroom Main level 3.65 m x 4.4 m
Bathroom Main level 1.49 m x 2.57 m

Details

  • Architectural Style: Raised bungalow
  • Parking Spaces: 6
  • Transaction: For sale
  • Zoning Description: RM4

Building

  • Appliances: Dryer, Microwave, Refrigerator, Stove, Two Washers, Two stoves, Washer
  • Architectural Style: Raised bungalow
  • BasementType: N/A (Finished)
  • Basement Development: Finished
  • Bedrooms Main Level: 4
  • Bedrooms Lower Level: 3
  • Cooling: Central air conditioning
  • Exterior Finish: Brick, Aluminum siding
  • Fireplace Present: False
  • Foundation: Poured Concrete
  • Bathrooms (Total): 4
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Stories Total: 1
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 45 ft
  • Size Irregular: 45 x 120 FT
MLS®

Listing provided by SHAW REALTY GROUP INC.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 42 PORTLAND STREET in Cambridge Ontario, was last modified on June 14th, 2024. Contact us to schedule a viewing or to find other properties for sale in Cambridge.

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