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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 875,000

Est. payment | -/mo

8 Beds

4 Baths

5,138 SqFt

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$ 875,000

Est. payment | -/mo

Save Virtual Tour

8 Beds

4 Baths

5,138 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5138

Square Footage 5,138 sqft

Price per Sqft $170

Subdivision 21 - Glenview, Lincoln, Oak

MLS® Listing ID 40832481

Style 2 Level

Bedrooms 8

Half Baths 1

Year Built 1950

Property Sub-Type Freehold

Property Description

Investors, house hackers and families looking to get into a larger space with tons of flexibility, this home has the potential to generate approximately $74,000 in gross annual revenue at an estimated 6.5% cap rate, this is a rare opportunity to secure a high-performing multi-unit property with excellent long-term upside. Situated in a prime location close to restaurants, schools, parks, shopping , and everyday amenities, this is an ideal location for all. Offering two spacious 3-bedroom suites and one well-appointed 2-bedroom suite, this property delivers flexibility, functionality, and impressive income potential all under one roof. Whether you are an owner-occupier looking to have additional units help contribute toward your mortgage and monthly expenses,or an investor seeking a strong addition to your portfolio, this property checks all the boxes. The current upper unit tenants are paying $2,200/month and would like to stay, providing immediate stable income. The main floor and basement units will be vacant on closing, allowing buyers the flexibility to move in, choose their own tenants, or set rents at current market value.The basement suite previously generated $1,700/month,while the main floor unit offers strong rental potential in the $2,400 month range. Extensively updated and well maintained, the home offers peace of mind with a newer water softener, updated electrical panel, sewer lining for root protection, and numerous thoughtful upgrades throughout. The basement layout also offers the flexibility to be opened up and connected to the adjacent unit for additional family living space. Additional highlights include two laundry areas, a large recreation room and dedicated home office in the main unit, parking for up to 6 vehicles, and a highly desirable double car garage. A rare opportunity offering strong cash flow potential, updated condition, and flexible living arrangements. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 8'5'' x 7'6'' 4pc Bathroom

Extra Room 2 Second level 12'0'' x 11'9'' Bedroom

Extra Room 3 Second level 10'6'' x 15'4'' Bedroom

Extra Room 4 Second level 10'6'' x 16'6'' Bedroom

Extra Room 5 Second level 14'6'' x 8'7'' Kitchen

Extra Room 6 Basement 7'10'' x 5'0'' Laundry room

Interior

Heating Forced air,

Cooling Central air conditioning

Fireplaces Number 1

Fireplaces Type Other - See remarks

Exterior

Parking Features Yes

Fence Partially fenced

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage Yes

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Architectural Style 2 Level

Others

Ownership Freehold

Virtual Tour https://youriguide.com/9udt5_128_pollock_ave_cambridge_on/

Listed by SHAW REALTY GROUP INC.

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128 POLLOCK Avenue Cambridge, ON N1R2C3