Cambridge N1R 3E1 Ontario
MLS: X12067486
Added 17 days ago | For Sale
Listed by: REAL BROKER ONTARIO LTD.
Attention house hackers hunting for the perfect place to live for free AND grow your wealth , multi gens who want a worry-free home for your extended family & pure investors looking for an amazing investment vehicle (6.7% CAP rate!): Where can you find an investment property that has a monthly net cash flow AFTER financing of $2,323 with 20% down (@ 4% 30 yr AM) OR $1,421 with minimum down?? Truly this is a rare opportunity. This legal triplex with a 4th bachelor unit cash-flows ekven without the income of the 4th unit! Fully Renovated: Professionally redone top to bottom, ensuring you attract high-quality tenants & minimize future maintenance costs. Nearly everything is NEW, meaning fewer headaches, more peace of mind. All 4 units are currently vacant, giving you the flexibility to set market-rate rents right from the start. Unit 3, the smaller 2-bedrm, was rented at $1,900/mo + utilities (current market rate), proving the income potential. Total 5 yr equity position $381k, 10 yr equity $813k * Versatile Layout: The suite configurations offer you diverse rental options. The composition includes one 3-bedroom, two 2-bedrooms, and one bachelor unit. Plus, there's parking for four vehicles at the rear of the property * Amazing location! You've got the Grand River right in front of you with access to lots of walking trails including the famous Cambridge To Paris Rail-Trail, WALK to: Downtown 5min, Cambridge Bus Terminal 6 minute, groovy Gaslight District 8min, U of W Cambridge 10min, grocery store 12 min - so near to everything without being in the thick of it * By car you are 10 minute to the 401, 30min to Hamilton, and an hour to Toronto * No, this one will not be available for long! Grab the brass ring and begin to create generational wealth! **EXTRAS** Each unit pays for their own heat & hydro plus one hydro meter for the landlord to pay for the common area usage, (House is virtually staged)
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Primary Bedroom | Laminate | 12 ft, 2 in x 7 ft, 10 in |
| Bedroom 2 | Laminate, Closet | 10 ft, 6 in x 11 ft, 6 in | |
| Bedroom 3 | Laminate, Closet | 11 ft, 6 in x 11 ft, 2 in | |
| Kitchen | Laminate | 10 ft, 10 in x 15 ft, 5 in | |
| Living Room | Laminate | 6 ft, 3 in x 13 ft, 1 in | |
| Living Room | Laminate | 13 ft, 9 in x 13 ft, 9 in | |
| Kitchen | Laminate | 14 ft, 1 in x 7 ft, 10 in | |
| Second | Primary Bedroom | Laminate, Closet | 10 ft, 10 in x 11 ft, 6 in |
| Bedroom 2 | Walk-In Closet(s) | 7 ft, 3 in x 9 ft, 10 in | |
| Laundry | Laminate | 12 ft, 2 in x 7 ft, 3 in | |
| Kitchen | Laminate | 12 ft, 6 in x 7 ft, 3 in | |
| Living Room | Laminate, Closet | 18 ft, 1 in x 13 ft, 1 in | |
| Primary Bedroom | Laminate | 9 ft, 10 in x 11 ft, 10 in | |
| Bedroom | Laminate, Closet | 7 ft, 7 in x 11 ft, 6 in | |
| Living Room | Laminate, Combined w/Dining | 11 ft, 6 in x 17 ft, 5 in | |
| Kitchen | Laminate | 12 ft, 2 in x 7 ft, 10 in | |
| Laundry | Laminate | 7 ft, 7 in x 5 ft, 11 in |
No property rooms available.
