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.
Royal LePage Wolle Realty
$3,999,000
415-435 Garden Street, Cambridge, Ontario
24 Bedrooms
10 Bathrooms
11128 Sqft
Property
MLS® Number: 40734064
Address: 415-435 Garden Street
City: Cambridge
Exterior: Concrete
Lot Size: 165.0ft x 99.8ft
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas
Parking
Parking Spaces: 18
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Property Sale History
Travel and Neighbourhood
69/100Walk Score®
Somewhat Walkable
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Location
