This stunning property is located in the desirable area of Cambridge- Galt West, making it a true gem. The building, constructed in 2018, consists of 20 units, with a mix of 10 one-bedroom and 10 two-bedroom units, totaling over 27500 sq/ft. The original plan was to retain ownership, but due to unforeseen circumstances, the property is now available for sale, presenting an excellent opportunity for investors.
With meticulous attention to detail and a solid construction, this building offers a hassle-free investment with a potential income of close to a 5% cap rate. Each unit is equipped with separate hydro, gas, and water meters, and significant progress has been made towards converting the property into condominiums.
Conveniently situated in a prime location, this property boasts nearby amenities such as public transit, schools, and shopping, making it an attractive option for potential buyers. The land size is just under 1/2 acre, and the building features a modern concrete exterior finish and central air conditioning for comfort.
Located at 48 George Street N in the city of Cambridge, Ontario, this property offers a total of 21 parking spaces, making it suitable for both residents and visitors. With a freehold ownership type and forced air heating, this property spans 3 stories and is an ideal investment opportunity in a sought-after location.
