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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., Directions:SIMCOE STREET/WATER STREET N, Exclusions:
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|Property Type||Building and Land|
|Days On Our Website||104|
|Heating||Baseboard,Electric,Electric Hot Water,Forced Air,Gas - Baseboard,Electric,Electric Hot Water,Forced Air,Gas|
Listing Office: RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
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