111 AINSLIE Cambridge ON N1R 3P2

For Sale | Multi-Residential
$499,000.00
Unknown sq ft
MLS# Kitchener – Waterloo
if(This investment opportunity provides a great return on investment, a healthy cap rate return, and a chance to participate in a growing neighbourhood in the region. With tenants signed at $3100 per month, achieving a 5% cap rate return is here! Located in historic Galt's proposed Heritage Conservation District, this beautiful 1895-built limestone block house is zoned for residential and commercial use. Within walking distance to the local farmer's market, cafes and bakeries, yoga studios, restaurants, Victoria Park, Idea Exchange, Ainslie Street transit terminal, Mill Race Park, the Grand River, the Cambridge Mill, art galleries, and live music festivals, this location allows for accessing an exciting, vibrant, and diverse lifestyle. The property has seen many recent updates including newer windows, new kitchens(2018 and 2019), brand new appliances(x6), new modern light fixtures on dimmers, Nest Thermostat and Nest Doorbell, new patio privacy fence and gate, and fresh paint applied throughout. With the blossoming of the UW School of Architecture, Gaslight District, Grand Innovations, and Conestoga College's newest campus in Galt, you can take advantage of a well-maintained and improved home, with great rents, in a growing part of the Kitchener-Waterloo-Cambridge region. Enjoy a beautiful building and a great investment return here. See it today! != null) {

Description

This investment opportunity provides a great return on investment, a healthy cap rate return, and a chance to participate in a growing neighbourhood in the region. With tenants signed at $3100 per month, achieving a 5% cap rate return is here! Located in historic Galt's proposed Heritage Conservation District, this beautiful 1895-built limestone block house is zoned for residential and commercial use. Within walking distance to the local farmer's market, cafes and bakeries, yoga studios, restaurants, Victoria Park, Idea Exchange, Ainslie Street transit terminal, Mill Race Park, the Grand River, the Cambridge Mill, art galleries, and live music festivals, this location allows for accessing an exciting, vibrant, and diverse lifestyle. The property has seen many recent updates including newer windows, new kitchens(2018 and 2019), brand new appliances(x6), new modern light fixtures on dimmers, Nest Thermostat and Nest Doorbell, new patio privacy fence and gate, and fresh paint applied throughout. With the blossoming of the UW School of Architecture, Gaslight District, Grand Innovations, and Conestoga College's newest campus in Galt, you can take advantage of a well-maintained and improved home, with great rents, in a growing part of the Kitchener-Waterloo-Cambridge region. Enjoy a beautiful building and a great investment return here. See it today!

}

Building

  • Building Name
  • Construction
  • Cooling
    Central Air

Land

  • Zoning
    (F)C1RM1

Location

111 AINSLIE Cambridge ON N1R 3P2

Sales Representative

MATTHEW DAVIDSON

Brokerage

Victoria Park Real Estate Ltd.

Price Information

  • Sale Price
    $499,000.00