$1,250,000
$1,250,000
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15 Jaffray Street Cambridge, ON N1R 3J1
5 Beds
4 Baths
2,575 SqFt
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 2,575 sqft
Price per Sqft $485
MLS Listing ID 40378687
Sold Date 03/10/23
Bedrooms 5
Abv Grd Liv Area 2,575
Originating Board Waterloo Region
Year Built 1955
Annual Tax Amount $3,364
Property Description
***TURNKEY INVESTMENT OPPORTUNITY*** This rare 4 unit building is currently grossing over 80k per year and is offering over a 5.7% cap rate. Located steps from the future LRT stop at Avenue/Hespeler and all amenities. This property consists of 3 - 1 bedroom units and 1 - 2 bedroom unit with 2 driveways and parking for 9 cars. Exceptional craftsmanship is noted throughout as well as all of the mechanicals being updated over recent years. The property also features 2 new furnaces, a new roof (2020) with "lifetime" transferable warranty, 5 electrical meters and 4 owned electric water heaters. Great ceiling height in the basement gives potential to add an additional (5th) unit for extra income. This property surely wont last long, email for a detailed list of all upgrades and financials.
Location
State ON
County Waterloo
Area 13 - Galt North
Zoning RM4
Direction Hespeler Rd to Jaffray St
Rooms
Other Rooms Shed(s)
Basement Separate Entrance, Full, Unfinished
Kitchen 0
Interior
Interior Features High Speed Internet, Built-In Appliances, Separate Hydro Meters, Water Treatment
Heating Forced Air, Natural Gas
Cooling Wall Unit(s)
Fireplace No
Window Features Window Coverings
Appliance Water Heater Owned, Water Purifier, Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Exterior Feature Landscaped, Private Entrance, Separate Hydro Meters, Storage Buildings
Parking Features Leased, Asphalt, Concrete, Tandem
Pool None
Utilities Available Cable Connected, Cell Service, Electricity Connected, Garbage/Sanitary Collection, Internet Other, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
Roof Type Asphalt Shing
Street Surface Paved
Porch Porch
Lot Frontage 167.31
Garage No
Building
Lot Description Urban, Business Centre, City Lot, Near Golf Course, Highway Access, Hospital, Landscaped, Library, Major Highway, Park, Place of Worship, Playground Nearby, Public Transit, Regional Mall, School Bus Route, Schools, Shopping Nearby
Faces Hespeler Rd to Jaffray St
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Stucco
New Construction No
Others
Tax ID 037930199
Ownership Freehold/None
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