41 Oak Street,
Cambridge ON, N1R 4K9
Description
This is a great investment opportunity with instant returns! Welcome to 41 Oak street, a legal non-conforming triplex in the quaint neighborhood of east Galt with the globe street lights and charm + character at every turn. The main floor features a 4 bedroom spacious unit with in-suite laundry and access to the large backyard, the attached garage was converted into a storage area and bedroom for the main floor. This unit is currently rented month to month at $1150. Upstairs are two 1 bedroom units with living room, full kitchen, and 3 pc bathroom; one is vacant so you can set your own rent, the other is currently rented month to month at $700 plus hydro. All units have separate hydro meters. The property also includes two driveways, so plenty of parking for all units, a large private backyard, and large detached garage with hydro and wood burning fireplace, the garage also includes a pit for working on vehicles, and a large shop area attached. Listed at $449,900 this home has a ton of potential for the savvy investor/contractor and if fully occupied at the current rents ($1150, $700 and $700) it carries a mortgage of $600,000.
Details
| MLS# | 40094499 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Conditional |
| Year | 1868 |
| Days On Site | 6 |
Features
| SQ Feet | 1,950 |
|---|---|
| Units | 3 |
| Building(s) | 1 |
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Learn More About This Property
| Area Information | |
|---|---|
| Province | ON |
| County | Waterloo |
| City | Cambridge |
| Postal Code | N1R 4K9 |
| Area | 12 - Galt East |
| Listing VS Median (in N1R 4K9) | |
Price: $459,900 low | high Med: $459,900 SqFt: 1,950 low | high Med: 1,950 $ / SqFt: $236 low | high Med: $236 On Site: 6 low | high Med: 6 Sourced by Back At You | |
MLS Number: 40094499Listing Provided By:
MOLLY GOMES of ROYAL LEPAGE CROWN REALTY SERVICES BROKERAGE
