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Christine Caparello

[email protected] +1(905) 462-2775

Listed by Alison Willsey • Peak Realty Ltd.

$ 1,689,000

Est. payment -/mo

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54 Grand Avenue N Cambridge, ON N1S 2K9

10 Beds

4 Baths

3,255 SqFt

UPDATED:

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

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Christine Caparello

Advisor

+1(905) 462-2775

Christine Caparello

54 Grand Avenue N Cambridge, ON N1S 2K9

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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54 Grand Avenue N