Office: (519) 885-0200

Cell: (519) 498-3274

charlene4realestate@rogers.com


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42 Portland Street Cambridge, Ontario N1R 4C7

7 Bedroom 4 Bathroom
Raised Bungalow Central Air Conditioning Forced Air

$1,690,000

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:39993)

Property Details

MLS® Number X8442146
Property Type Single Family
Parking Space Total 6

Building

Bathroom Total 4
Bedrooms Above Ground 4
Bedrooms Below Ground 3
Bedrooms Total 7
Appliances Dryer, Microwave, Refrigerator, Stove, Two Washers, Two Stoves, Washer
Architectural Style Raised Bungalow
Basement Development Finished
Basement Type N/a (finished)
Cooling Type Central Air Conditioning
Exterior Finish Brick, Aluminum Siding
Fireplace Present No
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 120 Ft
Size Frontage 45 Ft
Size Irregular 45 X 120 Ft
Size Total Text 45 X 120 Ft
Zoning Description Rm4

Rooms

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

https://www.realtor.ca/real-estate/27043941/42-portland-street-cambridge

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Caroline Ohi
Broker of Record

(800) 764-8138
(800) 764-8138
www.shawrealtygroup.com/

Shaw Realty Group Inc.
135 George St N Unit 201b
Cambridge, Ontario N1S 5C3

(855) 952-2802
www.shawrealtygroup.com/

Choose Charlene Cardow as your real estate agent in Kitchener-Waterloo and surrounding areas!

RE/MAX Twin City Realty inc.
83 Erb Street West
Waterloo, Ontario
N2L 6C2, Canada
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Phone: (519) 498-3274

Email: charlene4realestate@rogers.com

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