$499,900

6 Glebe Street

Cambridge ON, N1S 2P1

Description

TURN KEY INVESTMENT PROPERTY WITH ALMOST 6% CAP RATE! EXTENSIVELY RENOVATED SEMI-DETACHED LEGAL DUPLEX NEXT TO GASLIGHT DISTRICT AND SHORT WALK TO SCHOOL OF ARCHITECTURE AND DOWNTOWN CAMBRIDGE. C1RM1 ZONING ALLOWS WIDE RANGE OF COMMERCIAL USES. 3 BEDROOM MAIN FLOOR UNIT WITH NEW KITCHEN, BATH, FLOORS, SOME WINDOWS AND PATIO DOOR (RENTS FOR $1,575, $1,609 EFF. DEC 1ST). UPSTAIRS 1 BEDROOM WITH NEW KITCHEN, BATH AND FLOORS. VACANT FOR OWNER OCCUPANCY OR SET YOUR OWN RENT ($1,400 - $1,450). BASEMENT HAS AN ADDITIONAL UNIT WITH SEPARATE WALK-UP AT SIDE ($671, $685 DEC 1ST). GREAT LONG-TERM TENANTS. VERY GOOD REDEVELOPMENT POTENTIAL. RECENT FIRE DEPARTMENT, ESA, AND SPRINKLER INSPECTIONS.

Details

MLS#40022280
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site4

Features

SQ Feet1,700
Units3
Building(s)1
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Area Information
ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN1S 2P1
Area11 - Galt West
Listing VS Median (in N1S 2P1)
Price:
$499,900
low | high
Med:
$499,900
50% of Average
SqFt:
1,700
low | high
Med:
850
100% of Average
$ / SqFt:
$294
low | high
Med:
$147
100% of Average
On Site:
4
low | high
Med:
3.500000
100% of Average
Listing Updated: 09/19/2020
KARLIS BITE LogoMLS Number: 40022280
Listing Provided By:
KARLIS BITE  of  ROYAL LEPAGE CROWN REALTY SERVICES BROKERAGE
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