188 WATER Street N , Cambridge

6 Bed / 6 Bath / $699,900 / MLS® #:30684932

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INVESTMENT OPPORTUNITY! ESTATE HOME WITH TWO RESIDENCES AND A DOUBLE CAR GARAGE ALL ON FENCED 1/4 ACRE LOT IN THE HEART OF GALT. STEPS TO FINE DINING AT THE CAMBRIDGE MILL, GROCERY STORES, PHARMACY, PUBS, AND THE BEAUTIFUL GRAND RIVER. THREE UNITS IN TOTAL, COMPRISING OF THE MAIN HOUSE, MAIN LEVEL 1 BEDROOM APARTMENT, AND BASEMENT IN LAW SUITE, ALL WITH THEIR OWN ENTRANCES. THERE IS A PERMIT GRANTED FOR A POOL SHOULD YOU DESIRE TO ADD ONE. THE HOME FEATURES HIGH CEILINGS, WIDE TRIM AND CROWN MOLDINGS, 5 NATURAL GAS FIREPLACES, 6 BATHROOMS, AND 7 BEDROOMS. THIS IS THE ULTIMATE HOME FOR A LIVE IN LANDLORD TO LIVE LIKE A KING, AND MAKE A HEALTHY MORTGAGE CONTRIBUTION WITH THE RENTAL INCOME OR THE PROPERTY LENDS ITSELF TO MANY USES AS THERE IS ALSO A COMMERCIAL COMPONENT THAT ALLOWS A HOME BUSINESS. THE 2ND UNIT HAS BEEN RENTED FOR OVER 5 YEARS AND THE TENANT WOULD LIKE TO STAY WITH THE NEW OWNER. THIS HOME ALSO HAS A FINISHED ATTIC THAT COULD BE USED AS ANOTHER BEDROOM FOR A TEENAGER AS IT HAS A 2 PIECE BATHROOM. RECENT UPGRADES INCLUDE: 7 NEW WINDOWS AND 5 NEW DOORS (2018) AS WELL AS FURNACE (2014). THE WATER SOFTENER AND HOT TUB ARE BOTH 'AS IS'., Directions:MALCOLM ST, Exclusions:

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Property Details

Property Type Detached
Property Style 2 1/2 Storey
Square Feet 3001 to 4000
Property Tax $N/A
Maintenance N/A
Days On Our Website 44
Basement Fully Finished - Separate Entrance,Walk-Out Full
Kitchens 2
Garages 2
Pool None
Fireplaces
Air Conditioning Yes
Heating Electric,Gas - Baseboard,Forced Air,Radiant
Exterior Brick
Garage Type Attached
Sewers Sewer (Municipal)
Water Municipal

Listing Office: RE/MAX REAL ESTATE CENTRE INC., BROKERAGE

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