$459,900

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 TypeFor Sale
Sub-TypeResale
StatusConditional
Year1868
Days On Site6

Features

SQ Feet1,950
Units3
Building(s)1
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Area Information
ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN1R 4K9
Area12 - Galt East
Listing VS Median (in N1R 4K9)
Price:
$459,900
low | high
Med:
$459,900
50% of Average
SqFt:
1,950
low | high
Med:
1,950
50% of Average
$ / SqFt:
$236
low | high
Med:
$236
50% of Average
On Site:
6
low | high
Med:
6
100% of Average
Sourced by Back At You
Listing Updated: April 13, 2021 8:00:42 PM PDT
MOLLY GOMES LogoMLS Number: 40094499
Listing Provided By:
MOLLY GOMES  of  ROYAL LEPAGE CROWN REALTY SERVICES BROKERAGE
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