$539,900

111 Ainslie Street N

Cambridge ON, N1R 3P2

Description

This investment opportunity provides a great return on investment, a healthy cap rate return, and a chance to participate in a growing neighbourhood in Waterloo region. With tenants signed at $3100 per month, achieving a 5% cap rate return is here! Located in historic Galt's proposed Heritage Conservation District, this beautiful 1895-built limestone block house is zoned for residential and commercial use. Within walking distance to the local farmer's market, cafes and bakeries, yoga studios, restaurants, Victoria Park, Idea Exchange, Ainslie Street transit terminal, Mill Race Park, the Grand River, the Cambridge Mill, art galleries, and live music festivals, this location allows for accessing an exciting, vibrant, and diverse lifestyle. The property has seen many recent updates including newer windows, new kitchens(2018 and 2019), brand new appliances(x6), new modern light fixtures on dimmers, Nest Thermostat and Nest Doorbell, new patio privacy fence and gate, and fresh paint applied throughout. With the blossoming of the UW School of Architecture, Gaslight District, Grand Innovations, and Conestoga College's newest campus in Galt, you can take advantage of a well-maintained and improved home, with great rents, in a growing part of the Kitchener-Waterloo-Cambridge region. Enjoy a beautiful building and a great investment return here. See it today!

Details

MLS#30760764
StyleIndustrial
Sub-TypeResale
StatusContingent
Days On Site53

Features

SQ Feet1,380
Story(s)0

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Area Information

ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN1R 3P2
AreaGalt East
Listing VS Median (in N1R 3P2)
Price:
$539,900
low | high
Med:
$539,900
50% of Average
SqFt:
1,380
low | high
Med:
690
100% of Average
$ / SqFt:
$391
low | high
Med:
$196
100% of Average
On Site:
53
low | high
Med:
53
100% of Average
Listing Updated: 10/16/2019
MLS Number: 30760764
Listing Provided By:
MATTHEW DAVIDSON  of  Victoria Park Real Estate Ltd.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by ONTARIO REGIONAL TECHNOLOGY & INFORMATION SYSTEMS INC. (ORTIS)