40 Borden St Cambridge, Ontario N1S 3N2
$1,500,000
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:52986)
Property Details
| MLS® Number | X5831228 |
| Property Type | Single Family |
| Parking Space Total | 12 |
Building
| Bathroom Total | 1 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Stories Total | 3 |
| Type | Fourplex |
Parking
| Attached Garage |
Land
| Acreage | No |
| Size Irregular | 97 X 190 Ft |
| Size Total Text | 97 X 190 Ft |
https://www.realtor.ca/real-estate/25080914/40-borden-st-cambridge
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March 21 2023 10:18:54
Brampton Real Estate Board
Keller Williams Innovation Realty