40 Borden Street Cambridge, Ontario N1S 3N2
$1,600,000
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%. (id:3334)
Property Details
| MLS® Number | 40351197 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Communication Type | High Speed Internet |
| Features | Park/reserve, Paved Driveway |
| Parking Space Total | 12 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 12 |
| Basement Type | None |
| Constructed Date | 1970 |
| Construction Style Attachment | Detached |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Stories Total | 3 |
| Size Interior | 1175.9300 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 190 Ft |
| Size Frontage | 97 Ft |
| Size Irregular | 0.423 |
| Size Total | 0.423 Ac|under 1/2 Acre |
| Size Total Text | 0.423 Ac|under 1/2 Acre |
| Zoning Description | Rm4 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25167332/40-borden-street-cambridge
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January 25 2023 02:55:21
Kitchener-Waterloo Association of REALTORS®
Keller Williams Innovation Realty
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