40 BORDEN ST

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For Sale - $1,600,000.00

ID#: 25080914

Here Is An Opportunity To Own A Purpose-Built, Townhome Four-Plex In Cambridge. Each Unit Is 3 Bedrooms And 1 Bath, With Its Own Garage, Laundry, Hot Water Heater, And Metered Separately. The Building Itself Sits On Almost Half An Acre Of Land Zoned Rm4. Currently, 3 Out Of 4 Units Are Tenant Occupied And One Is Owner-Occupied. Total Possible Rents On The Property Exceed $100K/Year. Zoning Allows For More Units And The Property Can Be Severed Into 4 Individual Units Or 2 Duplexes And Sold Individually. Potential Cap Rate Over 6%.**** EXTRAS **** All Leases Expired/Month To Month. Information On Income Based On The 3 Currently Tenanted Units And The Owner Occupied Unit Not Paying Rent. (Realtor Remarks For More Info) (id:42870)

Property Details

Property Address: 40 BORDEN ST Cambridge, Ontario, N1S3N2

Property Type: Single Family

Area Toal: 0 square meters

Waterfront: No

Pool: No

Garage: Yes


Representative

Bess Assimacopoulos-Markou

Sales Representative

RE/MAX Twin City Realty Inc. Brokerage* - Waterloo

Cell: 519-588-1834

Tel: 519-885-0200

Schedule a Showing