107 TAIT Street, Cambridge, Ontario

$1,200,000

2,379 Square Feet

Welcome to 107 Tait Street, a fully tenanted fourplex located in a prime neighborhood, offering a reliable income stream and exceptional investment potential. This property features one 1-bedroom unit and three 2-bedroom units, each with a separate entrance, providing privacy and convenience for tenants. With seven dedicated parking spaces and coin-operated laundry facilities, it offers amenities that enhance tenant satisfaction while adding an additional revenue stream. Recent upgrades include significant safety and utility enhancements, such as the removal of a dangerous tree in 2019, the separation of water metering in 2020, and the installation of a commercial-grade water softener and three high-efficiency gas furnaces in Units 101, 202, and 301 in 2020. Modernization efforts continued with a new fridge for Unit 201 in 2021, two hot water tanks for Units 202 and 301 in 2022, and a new dishwasher and hot water tank for Unit 201 in 2023. Additionally, Unit 101 was renovated in 2024 and outfitted with all-new stainless steel appliances. These improvements ensure tenant satisfaction while minimizing future maintenance costs. Conveniently located near shopping, dining, schools, and public transportation, this property is highly attractive to renters. Fully occupied and income-generating from day one, 107 Tait Street is a hassle-free, turnkey investment opportunity. Contact us today to schedule a viewing and make this exceptional property part of your portfolio. (id:23309)

Listing ID: 40689720
Property Type: Multi-family
Year Built: 1949

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Details

Amenities Nearby: Public Transit
Features: Paved driveway
Ownership: Freehold
Parking Spaces: 7
Transaction: For sale
Zoning Description: R5

Building

BasementType: Full (Partially finished)
Basement Development: Partially finished
Constructed Date: 1949
Cooling: None
Exterior Finish: Stucco
Fireplace Present: False
Foundation: Poured Concrete
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2379 sqft
Stories Total: 2
Type: Fourplex
Utility Water: Municipal water

Land

Amenities: Public Transit
Sewer: Municipal sewage system
Size Frontage: 38 ft

Listing provided by CENTURY 21 HERITAGE HOUSE LTD.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 107 TAIT Street in Cambridge Ontario. It was last modified on January 16th, 2025. Contact the AJ Collective to schedule a viewing or to discover other Cambridge real estate for sale.

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