For Sale

$4,100,000

415-435 Garden Street, Cambridge, ON N3H 4E1

24 Beds

Remarks

An outstanding chance to own a fully renovated 10-unit townhome complex in a highly desirable location — all under one title with strong cash flow and condo conversion potential. This turnkey property features a mix of six 2-bedroom and four 3-bedroom units, each offering spacious layouts, private rear entrances, and finished basements for added living space. 18 parking spaces on the property for tenants. Renovated from top to bottom in 2020, every unit includes modern kitchens and bathrooms, flooring, appliances, and enhanced fire safety systems. Each townhome is separately metered for gas, water and electricity, with their own furnace, central A/C, hot water heater, and in-suite laundry — ensuring convenience for tenants and lower operating costs for owners. Tenants are responsible for paying their own utilities. The owner is responsible for hallway lighting and cleaning, waste removal, snow clearing, landscaping, and insurance. Currently generating over $23,000 gross rent per month (Average rent is $2,305) this well-maintained complex offers a strong return in a growing rental market. Whether you're looking to expand your portfolio or secure a low-maintenance asset with market rents - this property is a rare find and worth a closer look.

Inclusions:

Built-in Microwave,Carbon Monoxide Detector

Property Summary

  • Lot Frontage: 99.80 Feet
  • Lot Depth: 165 Feet
  • No. of Parking Spaces: 18
  • Floor Space (approx): 11128 Square Feet
  • Bedrooms: 24
  • Zoning: RM4

Property Features:

  • Basement:
    Full , Partially Finished
  • Construction Materials:
    Concrete
  • Cooling:
    Central Air
  • Heating:
    Forced Air , Natural Gas
  • Interior Features:
    Separate Heating Controls , Separate Hydro Meters
  • Acres Range:
    < 0.5
  • Driveway Parking:
    Outside/Surface/Open
  • Laundry Features:
    In-Suite
  • Lot Features:
    City Lot , Public Transit , Schools
  • Roof:
    Asphalt Shing
  • Security Features:
    Carbon Monoxide Detector
  • Sewer:
    Sewer (Municipal)
  • Water Source:
    Municipal
Lifestyle
Neighbourhood Info
Stephen Schaefer

Stephen Schaefer

Sales Representative

Phone:  519.747.2040

Fax:  519.747.2081

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Royal LePage Wolle Realty, Brokerage (Independently owned and operated)

7 - 180 NORTHFIELD DR WEST
WATERLOO,  ON N2L 0C7

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