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. (id:23309)
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Rooms
| Level | Type | Dimensions |
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Details
- Amenities Nearby: Public Transit, Schools
- Equipment: Other, Water Heater
- Ownership: Freehold
- Parking Spaces: 18
- Rental Equipment: Other, Water Heater
- Transaction: For sale
- Zoning Description: RM4
Building
- Appliances: Water softener, Microwave Built-in
- BasementType: Full (Partially finished)
- Basement Development: Partially finished
- Cooling: Central air conditioning
- Exterior Finish: Concrete
- Fireplace Present: False
- Foundation: Poured Concrete
- Bathrooms (Total): 10
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 11128 sqft
- Stories Total: 2.5
- Utility Water: Municipal water
Land
- Amenities: Public Transit, Schools
- Sewer: Municipal sewage system
- Size Frontage: 100 ft
Listing provided by Royal LePage Wolle Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 415-435 GARDEN Street in Cambridge Ontario. It was last modified on May 28th, 2025. Contact Karen Dwyer Reid to schedule a viewing or to discover other Cambridge real estate for sale.