$1,475,000
$1,500,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
40 Borden Street Cambridge, ON N1S 3N2
12 Beds
4 Baths
1,175 SqFt
Key Details
Sold Price $1,475,000
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 1,175 sqft
Price per Sqft $1,255
MLS Listing ID 40391367
Sold Date 04/10/23
Bedrooms 12
Abv Grd Liv Area 1,175
Originating Board Waterloo Region
Year Built 1970
Annual Tax Amount $8,024
Lot Size 0.423 Acres
Acres 0.423
Property Description
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%.
Location
State ON
County Waterloo
Area 11 - Galt West
Zoning RM4
Direction NE on St. Andrew's St, take right onto 4th ave and then a left onto Borden
Rooms
Basement None
Kitchen 0
Interior
Interior Features High Speed Internet, Separate Heating Controls, Separate Hydro Meters
Heating Electric
Cooling Window Unit(s)
Fireplace No
Appliance Water Heater Owned, Hot Water Tank Owned, Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Exterior Feature Lighting, Separate Hydro Meters
Parking Features Attached Garage, Exclusive, Asphalt
Garage Spaces 4.0
Pool None
Utilities Available Cable Connected, Cell Service, Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Phone Available
Roof Type Asphalt Shing
Porch Deck
Lot Frontage 97.0
Lot Depth 190.0
Garage Yes
Building
Lot Description Urban, Irregular Lot, City Lot, Park, Place of Worship, Playground Nearby, Public Transit, Schools, Shopping Nearby
Faces NE on St. Andrew's St, take right onto 4th ave and then a left onto Borden
Story 3
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Brick
New Construction No
Others
Senior Community false
Tax ID 226690051
Ownership Freehold/None
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