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Chris Adams

chris.adams@easyhometeam.ca +1(519) 804-1978

Listed by Lukas Alexander Linders • SHAW REALTY GROUP INC.

$ 875,000

Est. payment | -/mo

8 Beds

4 Baths

3,412 SqFt

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$ 875,000

Est. payment | -/mo

Save Virtual Tour

8 Beds

4 Baths

3,412 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,412 sqft

Price per Sqft $256

MLS Listing ID 40832481

Style Two Story

Bedrooms 8

Full Baths 3

Half Baths 1

Abv Grd Liv Area 5,138

Year Built 1950

Annual Tax Amount $4,702

Property Sub-Type Detached

Source Cornerstone

Property Description

Investors, house hackers and families looking to get into a larger space with tons of flexibility, this home has the potential to generate approximately $74,000 in gross annual revenue at an estimated 6.5% cap rate, this is a rare opportunity to secure a high-performing multi-unit property with excellent long-term upside. Situated in a prime location close to restaurants, schools, parks, shopping , and everyday amenities, this is an ideal location for all. Offering two spacious 3-bedroom suites and one well-appointed 2-bedroom suite, this property delivers flexibility, functionality, and impressive income potential all under one roof. Whether you are an owner-occupier looking to have additional units help contribute toward your mortgage and monthly expenses,or an investor seeking a strong addition to your portfolio, this property checks all the boxes. The current upper unit tenants are paying $2,200/month and would like to stay, providing immediate stable income. The main floor and basement units will be vacant on closing, allowing buyers the flexibility to move in, choose their own tenants, or set rents at current market value.The basement suite previously generated $1,700/month,while the main floor unit offers strong rental potential in the $2,400 month range. Extensively updated and well maintained, the home offers peace of mind with a newer water softener, updated electrical panel, sewer lining for root protection, and numerous thoughtful upgrades throughout. The basement layout also offers the flexibility to be opened up and connected to the adjacent unit for additional family living space. Additional highlights include two laundry areas, a large recreation room and dedicated home office in the main unit, parking for up to 6 vehicles, and a highly desirable double car garage. A rare opportunity offering strong cash flow potential, updated condition, and flexible living arrangements.

Location

Province ON

County Waterloo

Area 12 - Galt East

Zoning R1

Direction DUNDAS > POLLOCK

Rooms

Other Rooms Shed(s)

Basement Development Potential, Separate Entrance, Walk-Up Access, Full, Partially Finished

Main Level Bedrooms 3

Bedroom 2 3

Kitchen 3

Interior

Interior Features In-law Capability, In-Law Floorplan

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplaces Number 1

Fireplaces Type Family Room, Wood Burning

Fireplace Yes

Appliance Water Softener, Dryer, Refrigerator, Stove, Washer

Laundry In Basement

Exterior

Parking Features Detached Garage, Asphalt

Garage Spaces 2.0

Fence Fence - Partial

Roof Type Asphalt Shing,Flat

Lot Frontage 128.0

Garage Yes

Building

Lot Description Urban, Irregular Lot, Ample Parking, Public Transit, Shopping Nearby

Faces DUNDAS > POLLOCK

Foundation Block

Sewer Sewer (Municipal)

Water Municipal

Architectural Style Two Story

Structure Type Aluminum Siding,Brick

New Construction No

Others

Senior Community No

Tax ID 038230020

Ownership Freehold/None

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Chris Adams

Broker

chris.adams@easyhometeam.ca

+1(519) 804-1978

1440 King Street North St. Jacobs, ON, N0B, 2N0, CAN

128 Pollock Avenue Cambridge, ON N1R 2C3

Chris Adams

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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128 Pollock Avenue