5 Beds
3 Baths
2,738 SqFt
5 Beds
3 Baths
2,738 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,738 sqft
Price per Sqft $346
MLS Listing ID 40809475
Bedrooms 5
Abv Grd Liv Area 2,738
Year Built 1880
Annual Tax Amount $6,180
Property Sub-Type Multi-5 Unit
Source Cornerstone
Property Description
Welcome to 30 Brook St in Cambridge, a solid five-unit residential investment property located in a strong rental area close to downtown amenities, transit, shopping, and major commuter routes. This well-maintained multi-unit building offers investors a stable income property with key mechanical updates already completed.
The property consists of five self-contained residential units, providing diversified rental income and consistent tenant demand. Rent is Unit 1 - Lease - $1450/Unit 2 - Month to month - $1328/Unit 3 - Vacant - $1669/Unit 4 - Lease - $1400/Unit 5 - Lease - $1200. A high-efficiency boiler system was installed in 2016, and the property also features a new owned hot water heater installed in 2024, reducing near-term capital expenditure for the next owner.
Tenants are responsible for their own hydro, helping keep operating expenses manageable while maintaining strong rental appeal. The building's layout and location make it attractive for long-term tenants seeking proximity to downtown Cambridge, parks, public transit, and local services.
With solid fundamentals, important infrastructure upgrades already in place, and reliable tenant demand in the Cambridge rental market, 30 Brook St presents an excellent opportunity for investors looking to add a stable multi-unit asset to their portfolio.
Location
Province ON
County Waterloo
Area 12 - Galt East
Zoning R4
Direction DUNDAS & CAMBRIDGE ST
Rooms
Basement Full, Unfinished
Kitchen 0
Interior
Interior Features Other
Heating Natural Gas, Radiator
Cooling None
Fireplace No
Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry None
Exterior
Roof Type Asphalt Shing
Lot Frontage 111.0
Garage No
Building
Lot Description Airport, Highway Access, Park, Place of Worship, Public Transit, Schools, Trails
Faces DUNDAS & CAMBRIDGE ST
Story 2
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 038140284
Ownership Freehold/None
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