50
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$1,689,000
Est. payment /mo
3,546 SqFt
New
54 Grand AVE N Cambridge, ON N1S 2K9
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,546 sqft
Price per Sqft $476
MLS Listing ID X12117269
Annual Tax Amount $5,507
Tax Year 2024
Property Sub-Type Investment
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 Rooming House/Rental Home for students of the University of Waterloo School of Architecture, 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 units, 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 Waterloo
Interior
Cooling Partial
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 66.0
Lot Depth 90.12
Others
Security Features No
Virtual Tour https://unbranded.youriguide.com/54_grand_ave_s_cambridge_on/
Listed by PEAK REALTY LTD.