For Sale

$529,900.00

6 GLEBE Street, Cambridge, ON N1S 2P1

5 Beds

Remarks

TURN KEY INVESTMENT PROPERTY WITH 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 INCL, $1,609 EFF. DEC 1ST). UPSTAIRS 1 BEDROOM WITH NEW KITCHEN, BATH AND FLOORS (RENTS FOR $1475 INCL) BASEMENT HAS AN ADDITIONAL UNIT WITH SEPARATE WALK-UP AT SIDE ($671 INCL, $685 DEC 1ST). GREAT LONG-TERM TENANTS. VERY GOOD REDEVELOPMENT POTENTIAL. NEW CONCRETE DRIVEWAY. RECENT FIRE DEPARTMENT, ESA, AND SPRINKLER INSPECTIONS.

Inclusions:

OTHER

Exclusions:

ALL TENANTS' BELONGINGS (INCLUDING WASHER AND DRYER IN MAIN FLOOR UNIT)

Property Summary

  • Lot Frontage: 26.69 Feet
  • Lot Depth: 106.57 Feet
  • Floor Space (approx): 1700.00 Square Feet
  • Bedrooms: 5
  • Zoning: C1RM1

Property Features:

  • Acres Range:
    < 0.5
  • Basement:
    Separate Entrance
  • Construction Materials:
    Brick
  • Features Area Influences:
    Arts Centre , Downtown , River/Stream
  • Features Area Influences:
    Arts Centre , Downtown , River/Stream
  • Foundation Detail:
    Poured Concrete
  • Heating:
    Forced Air , Gas
  • Interior Features:
    Accessory Apartment , Water Meter
  • Laundry Features:
    None
  • Parking Features:
    Private Single Wide
  • Roof:
    Asphalt Shing
  • Security Features:
    Carbon Monoxide Detector(s) , Smoke Detector(s)
  • Sewer:
    Sewer (Municipal)
  • Water Source:
    Municipal
Derek Rose

Derek Rose

Phone:  519.621.2000

Mobile:  226.218.5088

Fax:  519.740.6403

Royal LePage Crown Realty Services, Brokerage (Independently owned and operated)

4 - 471 Hespeler ROAD
Cambridge,  ON N1R 6J2

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