$1,060,000
$1,275,000
16.9%For more information regarding the value of a property, please contact us for a free consultation.
121 Park Avenue Cambridge, ON N1S 2S5
8 Beds
4 Baths
3,496 SqFt
Key Details
Sold Price $1,060,000
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 3,496 sqft
Price per Sqft $303
MLS Listing ID 40618618
Sold Date 09/04/24
Bedrooms 8
Abv Grd Liv Area 3,496
Originating Board Waterloo Region
Annual Tax Amount $6,511
Property Description
Fully tenanted all brick 4-plex in desirable West Galt. All units feature 2 bedrooms, 1 bathroom & appr. 874 sq feet per unit + basement. Upgrades include new concrete front porches & steps, new furnaces (Units 121 & 123), new kitchen (unit 121), new windows in units 119, 125 (2017) & unit 121 (2020). All units have renovated bathrooms & units 121, 123 & 125 have updated flooring. Units 121 & 123 have been freshly painted in 2019 with new doors, fixtures, trim & baseboards. Unit 125 has new electrical & plumbing. Parking for 8 cars at rear of building. GROSS Rent = $66,956.40 & NOI = 50,804.43(3.9% Cap rate). Close to downtown core, parks, trails & public transit.
Location
State ON
County Waterloo
Area 11 - Galt West
Zoning RM4
Direction Grant Street
Rooms
Other Rooms Shed(s)
Basement Full, Finished
Kitchen 0
Interior
Interior Features Separate Heating Controls, Separate Hydro Meters
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Exterior Feature Separate Hydro Meters
Parking Features Gravel
Roof Type Asphalt Shing
Porch Deck
Lot Frontage 89.23
Lot Depth 125.23
Garage No
Building
Lot Description Rectangular, Ample Parking, Library, Park, Place of Worship, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby, Trails
Faces Grant Street
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
New Construction No
Others
Senior Community false
Tax ID 226620480
Ownership Freehold/None
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