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42 PORTLAND STREET
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42 PORTLAND STREET $1,690,000
$1,690,000
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42 PORTLAND STREET
Cambridge, Ontario N1R4C7

MLS® Number: X8442146
4 + 3
Bedrooms
4
Bathrooms
-
Square Feet

Listing Description

This is the definition of a turnkey and worry free investment. Welcome to 42 Portland st. Cambridge. No expense was spared in this conversion project from church to 4 unit property. With a 5 year lease in place for all 4 units, the savvy investor has no worries about tenant turn over, no worries about rental increases (4% per year already in place), and no worries about the maintenances of the building. In the next 5 years this building will collect $614,210 in rent and tenant covers all utilities. All mechanicals new and owned, appliances are brand new, metal roof for longevity, all new wiring (200amp) and plumbing and a new water main and sewer main, and Insulation redone to meet energy efficiency code. Located in a quiet area and truly a must see, don't let this opportunity slip by. (35486087)

Property Summary

Property Type
Single Family
Building Type
Fourplex
Storeys
1
Land Size
45 x 120 FT
Annual Property Taxes
$3,974.95
Total Parking Spaces
6
Time on REALTOR.ca
21 days

Building

Bedrooms
Above Grade
4
Below Grade
3
Bathrooms
Total
4
Interior Features
Appliances Included
Dryer, Microwave, Refrigerator, Stove, Two Washers, Two stoves, Washer
Basement Type
N/A (Finished)
Building Features
Foundation Type
Poured Concrete
Architecture Style
Raised bungalow
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Aluminum siding
Parking
Total Parking Spaces
6

Rooms

MetricImperial
Main level
Bathroom
Bedroom
Bedroom
Bedroom
Bedroom
Bathroom
Basement
Bathroom
Bathroom
Bedroom
Bedroom
Bedroom
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
800-764-8138
800-764-8138
REALTOR® Website
Email
Book showing
SHAW REALTY GROUP INC.
135 GEORGE ST N UNIT 201B
CAMBRIDGE, Ontario N1S5C3
855-952-2802
Office Website

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