30 Brook Street Cambridge, Ontario N1R 4C1

$949,900

30 Brook St, Cambridge -Unique Opportunity 5-Plex Investment 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. (id:60365)

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https://www.realtor.ca/real-estate/29438269/30-brook-street-cambridge