54 Grand Avenue N new Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N1S 2K9
Key Details
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 3,255 sqft
Price per Sqft $518
MLS Listing ID 40715017
Bedrooms 10
Abv Grd Liv Area 3,255
Originating Board Waterloo Region
Annual Tax Amount $5,507
Property Sub-Type Duplex Up/Down
Property Description
Nestled in the vibrant heart of downtown Galt, this 1 1/2-story building presents a unique opportunity for investors and entrepreneurs. Located near the prestigious University of Waterloo School of Architecture, and within walking distance to the bustling Gaslight District and the popular Hamilton Family Theatre, this property is surrounded by the stunning architecture of older churches, adding to its historic charm. It is also just steps away from the Cambridge Library, enhancing its appeal with easy access to valuable resources and community services. Currently operating as a Rental Home for students of the University of Waterloo School of Architecture (within 350 metres of the school), the building features up to 9 bedrooms and 1 separate bachelor unit. There are (2) shared communal kitchens, (1) kitchen in the bachelor unit and (4) baths between the lower and upper units. Zoned RM4, the property affords a multitude of mostly multi-residential uses, Its proximity to local amenities such as shops, cafes, cultural landmarks, and entertainment venues like the Gaslight District and Hamilton Family Theatre, further enhances its attractiveness to tenants. Highlights of this property include: High visibility in a high-traffic area, Versatility with 15 potential income-generating rooms, Broad zoning possibilities catering to a range of residential type opportunities, this property is an excellent investment for those looking to capitalize on the continuous growth and development of the Galt area. A rare find, this building offers both the charm of a historic district and many opportunities for both those with entrepreneurial spirit and those looking for a turnkey Student Rental.
Location
Province ON
County Waterloo
Area 11 - Galt West
Zoning RM4
Direction 401 to Hespeler Rd. to Water St. N right on to Park Hill Rd. W left onto Grand Ave N
Rooms
Basement Full,Unfinished
Kitchen 0
Interior
Interior Features None
Heating Forced Air,Natural Gas,Heat Pump
Cooling Ductless,Wall Unit(s)
Fireplace No
Appliance Hot Water Tank Owned,Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry Coin Operated
Exterior
Roof Type Asphalt Shing
Lot Frontage 66.0
Garage No
Building
Lot Description Irregular Lot,City Lot,Library,Park,Place of Worship,Public Transit,Schools,Shopping Nearby
Faces 401 to Hespeler Rd. to Water St. N right on to Park Hill Rd. W left onto Grand Ave N
Story 2
Foundation Poured Concrete,Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Stone
New Construction No
Others
Senior Community No
Tax ID 226630034
Ownership Freehold/None
Virtual Tour https://unbranded.youriguide.com/54_grand_ave_s_cambridge_on/