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$749,900

Cambridge ON, N3H 4J2

MLS® # 40743762

Property Information:

Excellent Cap Rate At 5%..... Great Triplex with 3 - 2 bedroom units. Each unit has their own gas furnace. However, there is one gas meter for the property. The three owned hot water heaters have been replaced over last few years. Shingles were replaced in September 2022. Deck was installed in 2023. Windows and insulation were updated between 2006-2008. Excellent location in Cambridge with access to retail and transit. The rear lower unit has had a recent makeover. This property would be ideal for an investor who wants to live in one unit while renting the other two. The current tenants pay hydro, cable and internet while the landlord pays gas & water.

Inclusions: None

Exclusions : All Tenant Belongings

Building Features:

  • Floor Space: 2311 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Driveway Parking: Private Drive Double Wide, Private Drive Triple+ Wide
  • Floor Space (approx): 2311 Square Feet
  • Heating: Forced Air, Natural Gas
  • Laundry Features: None
  • Lot Depth: 100 Feet
  • Lot Features: Dog Park, City Lot, Highway Access, Hospital, Park, Place of Worship, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 50.00 Feet
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R5
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX REAL ESTATE CENTRE INC. BROKERAGE-3

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Potential Investment Performance

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Location of 104 Oakwood Avenue, Cambridge, ON, N3H 4J2

Demographic Information of 104 Oakwood Avenue, Cambridge, ON, N3H 4J2

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$102,100.39

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.58 %

High school certificate or equivalent

35.89 %

Apprenticeship trade certificate/diploma

4.67 %

College/non-university certificate

23.71 %

University certificate (below bachelor)

0.51 %

University Degree

11.65 %

Commuter

Travel To Work

By Car

90.72 %

By Public Transit

4.45 %

By Walking

0.54 %

By Bicycle

0.02 %

By Other Methods

4.27 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

23.74 %

Houses

76.26 %

Own Vs. Rent