Address
154 Ainslie Street N Cambridge, ON
Price
$ 3,995,900
Property Attributes
  • MLS#40177411
  • TypeMulti-Family
  • CityCambridge
  • Area12 - Galt East
  • Neighbourhood20 - City Core-Wellington
  • Postal CodeN1R 3P5
  • StyleMulti-10+Unit
  • Price$ 3,995,900
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage12363
Listing Provided Courtesy Of:
RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
Data Source:
Canada - Ontario Regional (ITSO) - 430 - CAN
Property Description

PURPOSE BUILT COMMERCIAL AND RESIDENTIAL BUILDING in the heart of picturesque Downtown Galt steps to the Grand River and Cambridge Mill, Waterscape Towers and future developments. 12,363 sq ft sitting on approximately 1/3 acre of prime land. Main floor commercial unit (3800 sq ft currently vacant) projected rent $52,500 per annum plus tmi. 12 furnished apartments (1 bedroom each designed as accessible units) serviced by an elevator with 6 apartments on each floor and coin operated laundry facilities on each floor. 16 onsite parking spaces. All leases are month to month. This unique building has been the primary “short stay residence” of Cambridge with repeat occupants. Many local corporations regularly lease units. Immaculately maintained in exceptional condition. The owner has cared for this building with pride. A steel roof covers the building. Each residential unit has independent heat, water heaters and wall air conditioners. Average rent per unit is $1850 per month including utilities, cable, and Wi-Fi. Biweekly housekeeping offered upon request. This is an opportunity to participate in the regeneration of the downtown core and enjoy the evolution. Projected 6% cap-rate, this is the perfect investment. Income and expenses available to qualified buyers.

Price History
10/15/2021 Listed $3,995,900

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in N1R 3P5

Price
AVG $4M
$4M
Visits
AVG 28
27

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