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40 Borden St Cambridge, Ontario N1S 3N2

3 Bedroom 1 Bathroom
Window Air Conditioner

$1,600,000

Here Is An Opportunity To Own A Purpose-Built, Townhome Four-Plex In Cambridge. Each Unit Is 3 Bedrooms And 1 Bath, With Its Own Garage, Laundry, Hot Water Heater, And Metered Separately. The Building Itself Sits On Almost Half An Acre Of Land Zoned Rm4. Currently, 3 Out Of 4 Units Are Tenant Occupied And One Is Owner-Occupied. Total Possible Rents On The Property Exceed $100K/Year. Zoning Allows For More Units And The Property Can Be Severed Into 4 Individual Units Or 2 Duplexes And Sold Individually. Potential Cap Rate Over 6%.**** EXTRAS **** All Leases Expired/Month To Month. Information On Income Based On The 3 Currently Tenanted Units And The Owner Occupied Unit Not Paying Rent. (Realtor Remarks For More Info) (id:40227)

Property Details

MLS® Number X5831228
Property Type Single Family
Parking Space Total 12

Building

Bathroom Total 1
Bedrooms Above Ground 3
Bedrooms Total 3
Cooling Type Window Air Conditioner
Exterior Finish Brick
Stories Total 3
Type Fourplex

Parking

Attached Garage

Land

Acreage No
Size Irregular 97 X 190 Ft
Size Total Text 97 X 190 Ft

https://www.realtor.ca/real-estate/25080914/40-borden-st-cambridge

Interested?

Contact us for more information


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Andre Christopher Chin
Broker of Record

(519) 570-4447

Keller Williams Innovation Realty
640 Riverbend Dr Unit B
Kitchener, Ontario N2K 3S2

(519) 570-4447
HTTP://www.kwgtr.com

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