42 PORTLAND Street (40605582)

Listing ID: 40605582

$1,690,000

SHAW REALTY GROUP INC.

**42 PORTLAND Street, Cambridge, Ontario, N1R4C7**
Bathrooms4	Bedrooms7
Property TypeMulti-family	Building Area1450.65

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. Seller open to VTB discussions. Located in a quiet area and truly a must see, don't let this opportunity slip by. (id:33575)

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**Details**
Amenities NearbyHospital, Park, Place of Worship, Public Transit, Schools	Community FeaturesQuiet Area
FeaturesPaved driveway, Sump Pump	OwnershipFreehold
Parking Spaces6	StructureShed
TransactionFor sale	Zoning DescriptionRM4

**Building**
Basement DevelopmentFinished	BasementFull (Finished)
CoolingCentral air conditioning, Ductless	Exterior FinishAluminum siding, Brick
FoundationPoured Concrete	Bathrooms (Total)4
Heating FuelNatural gas	HeatingForced air
Size Interior1450.65 sqft	Storeys Total1
TypeFourplex	Utility WaterMunicipal water