$2,900,000
$2,900,000
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18 Queen Street W Cambridge, ON N3C 1G1
10 Beds
10,000 SqFt
Key Details
Sold Price $2,900,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $290
MLS Listing ID 40657268
Sold Date 12/17/24
Bedrooms 10
Abv Grd Liv Area 10,000
Originating Board Waterloo Region
Annual Tax Amount $23,420
Property Description
17 Unit building being offered at a 6.5% CAP rate in Waterloo Region! This property is located in the heart of downtown "Hespeler". Fully occupied with 2 commercial/retail spaces on the main floor, 10 one-bedroom apartments and 5 bachelor apartments. Several units have recently been updated completely with new plumbing, wiring, kitchens, bathrooms, flooring, and windows. The parking lot is brand new with eighteen spaces, new retaining wall surrounding the property, and updated hallways with new carpet and freshly painted. This property is a money-maker and has a great tenant profile. Financial info available upon request.
Location
State ON
County Waterloo
Area 14 - Hespeler
Zoning rm2
Direction Queen Street West at Adam Street
Rooms
Basement None
Kitchen 0
Interior
Interior Features None
Heating Baseboard, Electric, Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Refrigerator, Stove
Laundry Coin Operated
Exterior
Roof Type Asphalt
Lot Frontage 90.7
Garage No
Building
Lot Description Airport, City Lot, High Traffic Area, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, School Bus Route, Schools, Shopping Nearby
Faces Queen Street West at Adam Street
Story 3
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Brick,Stone
New Construction No
Others
Senior Community false
Tax ID 226340013
Ownership Freehold/None
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