415-435 Garden Street new Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N3H 4E1
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,128 sqft
Price per Sqft $368
MLS Listing ID 40734064
Bedrooms 24
Abv Grd Liv Area 11,128
Annual Tax Amount $28,774
Property Sub-Type Multi Family
Source Waterloo Region
Property Description
An outstanding chance to own a fully renovated 10-unit townhome complex in a highly desirable location — all under one title with strong cash flow and condo conversion potential. This turnkey property features a mix of six 2-bedroom and four 3-bedroom units, each offering spacious layouts, private rear entrances, and finished basements for added living space. 18 parking spaces on the property for tenants. Renovated from top to bottom in 2020, every unit includes modern kitchens and bathrooms, flooring, appliances, and enhanced fire safety systems. Each townhome is separately metered for gas, water and electricity, with their own furnace, central A/C, hot water heater, and in-suite laundry — ensuring convenience for tenants and lower operating costs for owners. Tenants are responsible for paying their own utilities. The owner is responsible for hallway lighting and cleaning, waste removal, snow clearing, landscaping, and insurance. Currently generating over $23,000 gross rent per month (Average rent is $2,305) this well-maintained complex offers a strong return in a growing rental market. Whether you're looking to expand your portfolio or secure a low-maintenance asset with market rents - this property is a rare find and worth a closer look.
Location
Province ON
County Waterloo
Area 15 - Preston
Zoning RM4
Direction GARDEN STREET BETWEEN LAWRENCE ST AND CONCESSION ROAD
Rooms
Basement Full,Partially Finished
Kitchen 0
Interior
Interior Features Separate Heating Controls,Separate Hydro Meters
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplace No
Appliance Water Softener,Built-in Microwave,Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Roof Type Asphalt Shing
Lot Frontage 99.8
Lot Depth 165.0
Garage No
Building
Lot Description City Lot,Public Transit,Schools
Faces GARDEN STREET BETWEEN LAWRENCE ST AND CONCESSION ROAD
Story 2.5
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Concrete
New Construction No
Others
Senior Community No
Tax ID 037790364
Ownership Freehold/None