69-71 Cedar Street Cambridge, Ontario - MLS#: 40535414
$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. *7.2% CAP RATE* (id:51158)
Description
Are you looking for an exceptional investment opportunity in Cambridge? Then look no further! Presenting 69-71 Cedar Street, a remarkable property that offers not just one, but multiple sources of income. This one-of-a-kind investment encompasses a 4-plex and two single detached homes, totaling six units that are bound to generate substantial returns. With a strategic location and an array of amenities in close proximity, this property is a promising gem that any savvy investor would love to have in their portfolio.
Key Features
1. Unparalleled Investment Potential
Imagine the possibilities of owning a property that brings in not just one, but six rental incomes. With a 4-plex and two single detached homes, this opportunity allows you to diversify your investment and maximize your returns. Whether you choose to rent each unit individually or explore other rental strategies, the potential for profit is limitless.
2. Prime Location
Situated in the heart of Cambridge, this property benefits from its proximity to a plethora of amenities, including shops, restaurants, entertainment venues, and recreational facilities. Residents will have easy access to everything they need, ensuring high demand for rental units in this area. Additionally, downtown Galt is just a stone’s throw away, offering even more attractions and conveniences.
3. Flexible Unit Configurations
Featuring units with 1, 2, and 3-bedroom configurations, this property caters to a diverse range of renters. Whether it’s young professionals seeking a cozy space or families in need of a more spacious environment, you can accommodate various tenant preferences. This versatility guarantees a steady stream of potential tenants and reduces the risk of extended vacancies.
4. Strong Rental Market
The demand for rental properties in Cambridge is continuously growing. As a landlord, this means you can enjoy a consistent stream of rental income for years to come. With its desirable location and a variety of unit sizes, the attractiveness of this property to potential tenants is unparalleled.
5. Potential for Appreciation
Cambridge is a thriving city that shows no signs of slowing down. As the community grows, so does the value of its real estate. By investing in this property, you have the opportunity to capitalize on the future appreciation of the area. This could result in increased equity and more substantial returns on your investment over time.
Questions and Answers
Q: How many rental units does this property have?
A: This property comprises a total of six units, including a 4-plex and two single detached homes.
Q: What are the advantages of the property’s location?
A: The property is conveniently located near various amenities, such as shops, restaurants, entertainment venues, and downtown Galt. This prime location ensures a steady demand for rental units and makes it an ideal investment opportunity.
Q: Can I choose different rental strategies for each unit?
A: Absolutely! The property offers you the option to explore various rental strategies. You can choose to rent each unit individually or explore other creative approaches, such as short-term or long-term rentals.
Q: What are the sizes of the units available?
A: The units in this property feature 1, 2, and 3-bedroom configurations, catering to a wide range of tenant preferences.
Q: Is Cambridge a good place for real estate investment?
A: Yes, Cambridge is an excellent city for real estate investment. With its growing community and desirable amenities, the demand for rental properties is strong. Moreover, the potential for future appreciation makes Cambridge an attractive destination for investors.
⚡⚡⚡ Disclaimer: While we strive to provide accurate information, it is essential that you to verify all details, measurements, and features before making any decisions.⚡⚡⚡
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Property Details
| MLS® Number | 40535414 |
| Property Type | Multi-family |
| Amenities Near By | Park, Public Transit, Schools, Shopping |
| Parking Space Total | 6 |
About 69-71 Cedar Street, Cambridge, Ontario
Building
| Bathroom Total | 5 |
| Bedrooms Total | 14 |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 5766 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 61 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rm3 |
https://www.realtor.ca/real-estate/26469934/69-71-cedar-street-cambridge
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May 14 2024 01:16:34
Kitchener-Waterloo Association of REALTORS®
RE/MAX Real Estate Centre Inc., Brokerage