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$ 799,900
Est. payment /mo
Price Dropped by $50K
1260 King ST E Cambridge, ON N3H 3P8
4 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9510196
Style 2-Storey
Bedrooms 4
Annual Tax Amount $3,121
Tax Year 2024
Property Sub-Type Triplex
Property Description
Great investment opportunity in the heart of Cambridge. COMM/RES ZONING (C2/RM3). 2 separate one-bedroom unit on the main floor, 1 two-bedroom unit on the second floor - completely refinished from top to bottom. Fully rented out with reliable, trustworthy tenants. The monthly rent for the whole property is $5,000. After deducting various expenses (water, electricity, gas, property insurance, internet fees), the monthly net income is $4,182.37, and the annual net income is $50,188.44. Park 4 cars via right of way off Montrose, 3 new hot water tanks, new forced air furnace, new siding on the upper rear fade, new washer/dryer installed in 2 units, new 200 AMP electrical services.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Unfinished
Kitchen 3
Interior
Interior Features Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Right Of Way
Pool None
Roof Type Asphalt Shingle
Lot Frontage 21.04
Lot Depth 97.0
Total Parking Spaces 4
Building
Foundation Stone
Listed by HOMELIFE LANDMARK REALTY INC.