Make your personal oasis in Central Hespeler. Enjoy this updated century home on a huge 0.44 acres. Legal non-conforming duplex or as single-family home with in-law suite. Or potential owner operated business. Each storey with 2 bedrooms, a full bath, ample sized living room and eat in kitchen. 5 appliances along with individual hydro and water meters. In suite laundry facilities. Patio areas, shed and individual driveways with ample parking. Mainly newer windows and a newer furnace 2023. Roof shingles 2018. This lightly treed and partially fenced lot at rear will open your mind to the possibilities of a personal oasis, accessory unit, garage, hobby shop, pool, horseshoe pits, vegetable gardens etc... Great location for access to 401, Guelph and the Kitchener Waterloo area. Nearby nature trails, schools, and the Speed River. Check with the City of Cambridge for all the possible development opportunities that this huge lot could offer. Immediate possession is available on the main floor with a basement and rear yard. Also listed as Residential, MLS: 40700182.More details
Exceptional Investment Opportunity in the heart of Cambridge! Welcome to 50 Wellington Street, a well-maintained triplex offering three self-contained units in a prime, central location. This versatile property is perfect for investors seeking strong potential or multi-generational living. Each unit features spacious layouts, separate entrances, and ample natural light. Recent updates ensure comfort and low maintenance , while preserving the character and charm of the home. Tenants will appreciate the convenient location with steps to Downtown Galts shops, restaurants, schools, parks and public transit. Situated on a generous lot, this property is just minutes from the 401, making it ideal for commuters. Whether your expanding your portfolio or searching for a property with rental income potential, 50 Wellington St delivers both value and opportunity. Don't miss your chance to own this rare triplex in one of Cambridges most desirable and growing neighborhoods.More details
Listed by RE/MAX TWIN CITY REALTY INC. BROKERAGE-2 and RE/MAX TWIN CITY REALTY INC., BROKERAGE
Investment Property Listing: Non-Conforming Triplex Gem!
Property Type: Non-Conforming Triplex
Location: 163 Kathleen St.
Gross Rental Potential: $55,260/year
Property Overview
Welcome to a completely updated 3-unit apartment building, offering a tremendous investment opportunity! This non-conforming triplex features private entrances for each unit, situated on a large lot that backs onto a laneway.
Features:
• Upper Unit:
• Newer finishes
• Currently leased for $1435
• Main Level Unit:
• Spacious 2-bedroom
• Fantastic layout with ample natural light
-Currently leased for $1940
• Lower Level Unit:
• Bright 1-bedroom in-law suite
• Recently updated with modern finishes
• Self-contained laundry
- Currently leased for $1230
Additional Highlights:
• Two separate hydro meters for independent utility management.
• Beautifully fully fenced private backyard, complete with a removable gate for easy access to the laneway.
• Turnkey investment with great tenants in place, showcasing pride of ownership.
Location:
• Steps away from Brebeuf Street, making it a short walk to parks and grocery stores.
• Conveniently located near local amenities for both residents and prospective tenants.
Investment Potential
The current setup provides an impressive gross rental potential of $55,260/year, making it an ideal opportunity for both seasoned investors and first-time buyers looking for a profitable property.
Schedule a Viewing!
This triplex shows very well and is ready for its new owner. Don't miss out on this chance to invest in a property with solid returns and great tenants.
Act fast—properties like this don’t last long on the market!More details