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290-292 Main Street Cambridge, Ontario N1R 1Y1

8 Bedroom 4 Bathroom 3310
None Forced Air

$928,800

3310 sq ft stone 4 plex with 2 separate driveways in RM4 zoning with tremendous potential! The 85' X 132' lot has paved parking for 10-15 + vehicles with plenty of play yard to spare. 290 Main St is an attached 2 level semi with a 6 car plus private driveway and its own private fenced in backyard. It is the unit on the left side facing the property. 292 Main St has a separate driveway on the right side facing the property that leads to back yard parking for the other 3 units (Unit A, Unit B, Unit C). The property has 2 separate sewer lines and a new sewer line and water line was installed in 2017. There are 4 separate water meters, 4 separate hydro meters, 4 separate gas meters, 4 hot owned water tanks, 4 fridges, and 4 stoves. 3 Units have tenant owned laundry facilities. All the utilities are payed by the Tenants except the Landlord pays for Unit C water only. (Approx. $120/month) There is a separate back door walkdown to the basement for the building mechanics. The current rents are low but the potential is excellent for the savvy investor. Current rents are in the Realtor Remarks. (id:49454)

Property Details

MLS® Number 40536775
Property Type Multi-family
Parking Space Total 15

Building

Bathroom Total 4
Bedrooms Total 8
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type None
Exterior Finish Stone
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 3310
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 132 Ft
Size Frontage 85 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rm4

https://www.realtor.ca/real-estate/26543590/290-292-main-street-cambridge