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11 Waterloo Regional Rd 24, Cambridge, ON N1R 1N7, Canada

11 Waterloo Regional Rd 24, Cambridge, ON N1R 1N7, Canada
$ 3,995,900.00

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Quick Info

MLS #: 40177411 Post Updated: 2021-11-17 14:58:04 Bedrooms: 12 Bathrooms: 12
LotSizeDimensions: 144.82 x 112.07 BuildingAreaTotal: 12363 Status: Type:

Description

PURPOSE BUILT COMMERCIAL AND RESIDENTIAL BUILDING in the heart of picturesque Downtown Galt steps to the Grand River and Cambridge Mill, Waterscape Towers and future developments. 12,363 sq ft sitting on approximately 1/3 acre of prime land. Main floor commercial unit (3800 sq ft currently vacant) projected rent $52,500 per annum plus tmi. 12 furnished apartments (1 bedroom each designed as accessible units) serviced by an elevator with 6 apartments on each floor and coin operated laundry facilities on each floor. 16 onsite parking spaces. All leases are month to month. This unique building has been the primary “short stay residence” of Cambridge with repeat occupants. Many local corporations regularly lease units. Immaculately maintained in exceptional condition. The owner has cared for this building with pride. A steel roof covers the building. Each residential unit has independent heat, water heaters and wall air conditioners. Average rent per unit is $1850 per month including utilities, cable, and Wi-Fi. Biweekly housekeeping offered upon request. This is an opportunity to participate in the regeneration of the downtown core and enjoy the evolution. Projected 6% cap-rate, this is the perfect investment. Income and expenses available to qualified buyers.

Rooms & Units Description

  • NumberOfUnitsTotal: 12

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Location & Schools

  • MLSAreaMajor: 12 - Galt East
  • MLSAreaMinor: 20 - City Core/Wellington
  • CountyOrParish: Waterloo
  • Directions: SIMCOE STREET/WATER STREET N
  • Coordinates: -80.314414, 43.36445
  • Zoning: RES/OFFICE

Property Details

  • ParcelNumber: 038140113
  • AboveGradeFinishedArea: 12363
  • AboveGradeFinishedAreaUnits: Square Feet
  • BelowGradeFinishedAreaUnits: Square Feet
  • StoriesTotal: 2
  • ConstructionMaterials: Brick, Stone
  • AcresRange: < 0.5

Property Features

  • LotFeatures: Urban, Irregular Lot, City Lot, Library, Park, Place of Worship, Public Transit, Quiet Area, Schools, Shopping Nearby, Trails
  • SecurityFeatures: Carbon Monoxide Detector(s), Smoke Detector(s)
  • LaundryFeatures: Coin Operated, Shared
  • InteriorFeatures: Elevator
  • Appliances: Water Heater Owned, Dryer, Refrigerator, Stove, Washer
  • Basement: None
  • FoundationDetails: Concrete Block
  • Roof: Metal
  • FrontageLength: Lot Front(112.07)
  • Cooling: Central Air, Wall Unit(s)
  • HeatingYN: 1
  • Heating: Baseboard, Electric, Hot Water, Forced Air, Natural Gas
  • ParkingTotal: 16
  • OpenParkingYN: 1
  • OpenParkingSpaces: 16
  • ParkingFeatures: Asphalt
  • Sewer: Sewer (Municipal)
  • WaterSource: Municipal

Courtesy of

  • ListOfficeName: RE/MAX TWIN CITY FAISAL SUSIWALA REALTY

11 Waterloo Regional Rd 24, Cambridge, ON N1R 1N7, Canada. MLS 40177411. This style property is located in Cambridge is currently . This property is listed at $ 3,995,900.00. It has 12 beds bedrooms, 12 baths bathrooms. The property was built in year.

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