69-71 Cedar Street Cambridge, Ontario - MLS#: X8037866

$1,999,900

Discover an unparalleled investment opportunity! This unique property encompasses a 4-plex and two single detached homes, culminating in a total of six units featuring 1, 2, and 3-bedroom configurations. Boasting a prime location in close proximity to numerous amenities, transit, and downtown Galt, this investment is strategically positioned for success. (id:51158)

Discover an Unparalleled Investment Opportunity in Cambridge

If you are looking for a lucrative investment opportunity in Cambridge, look no further! This exceptional property located at 69-71 Cedar St presents an incredible chance to enter the real estate market and secure a steady stream of income. With its unique configuration comprising a 4-plex and two single detached homes, this property offers potential buyers unparalleled options and flexibility.

Key Features:

1. Multiple Units for Diversified Income

One of the standout features of this investment property is the multiple units it offers. With a total of six units, including 1, 2, and 3-bedroom configurations, you have the versatility to attract a wide range of tenants. This diversity in unit sizes allows for the possibility of increased rental yields, ensuring a stable and profitable income stream.

2. Prime Location for Maximum Return

Location is key when it comes to real estate investments, and this property is strategically positioned for success. Situated in close proximity to numerous amenities, including schools, parks, shopping centers, and healthcare facilities, this property minimizes the need for tenants to commute long distances. Additionally, its convenient access to public transportation and downtown Galt further enhances its appeal to prospective tenants.

3. Well-Maintained and Upgraded Units

Buyers can rest assured knowing that this investment property has been meticulously maintained and features upgraded units. With modern finishes, quality appliances, and a well-thought-out design, these units offer an attractive living space for tenants, enhancing the property’s overall value and desirability. Potential buyers can feel confident in the longevity of the property’s appeal and rental demand.

4. Potential for Additional Income Streams

Looking to maximize your return on investment? This property presents additional income opportunities beyond the rental income. With ample outdoor space, potential buyers can explore the possibility of creating common areas for tenants, such as a shared outdoor patio or a communal garden. Utilizing these spaces creatively can attract tenants and potentially increase rental rates.

5. Strong Rental Demand in Cambridge

Cambridge has experienced consistent population growth over the years, leading to a robust rental market. The demand for quality rental properties in the area remains high, making this investment opportunity even more appealing. By purchasing this property in a sought-after location, you are positioning yourself for long-term success and a solid return on investment.

Questions and Answers:

Q: Are the units currently occupied by tenants?

A: At present, some of the units are occupied by tenants, generating immediate rental income. However, there are a few units that are vacant, offering the opportunity for new owners to select their preferred tenants or further renovate the units to increase their rental potential.

Q: What is the current rental income of the property?

A: Due to its multiple units, the rental income of this property may vary depending on the occupancy and rental rates set by the owner. However, the potential rental income from all six units combined provides a strong foundation for a steady cash flow.

Q: How is the maintenance of the property handled?

A: The property is managed by a professional property management company, ensuring that the day-to-day maintenance and management tasks are taken care of. This relieves the owner of the responsibility and allows them to enjoy the benefits of passive income without the hassle of managing the property.

Q: Are there any upcoming infrastructure developments in the area?

A: Yes, there are several planned infrastructure developments in the surrounding area. These include new schools, shopping centers, and recreational facilities. These developments not only enhance the quality of life for residents but also contribute to the desirability and demand for rental properties in the vicinity.

Q: What are the financing options available for this property?

A: Buyers have the flexibility to explore various financing options for the purchase of this property. Traditional bank financing, private loans, or creative financing solutions can be considered based on the buyer’s individual circumstances. Consulting with a mortgage professional is recommended to determine the most suitable financing option.

In conclusion, this investment property located at 69-71 Cedar St in Cambridge offers an unparalleled opportunity for buyers. With its multiple units, prime location, upgraded features, potential for additional income streams, and strong rental demand in the area, this property possesses all the essential elements for a successful investment. Don’t miss out on the chance to secure a steady stream of income and enter the thriving real estate market in Cambridge. Act now and take advantage of this exceptional investment opportunity!

⚡⚡⚡ Disclaimer: While we strive to provide accurate information, it is essential that you to verify all details, measurements, and features before making any decisions.⚡⚡⚡
📞📞📞Please Call me with ANY Questions, 416-477-2620📞📞📞

Property Details

MLS® Number	X8037866
Property Type	Multi-family
Parking Space Total	6

About 69-71 Cedar Street, Cambridge, Ontario

Building

Bathroom Total	8
Bedrooms Above Ground	9
Bedrooms Total	9
Appliances	Dryer, Refrigerator, Stove, Two Washers, Two Stoves, Washer
Basement Development	Partially Finished
Basement Type	N/a (partially Finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Type	Other
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
Size Irregular	60.72 X 132 Ft
Size Total Text	60.72 X 132 Ft

https://www.realtor.ca/real-estate/26470841/69-71-cedar-street-cambridge