107 Tait Street Cambridge, Ontario N1S 3C9
$1,200,000
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:53282)
Property Details
| MLS® Number | 40689720 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit |
| Features | Paved Driveway |
| ParkingSpaceTotal | 7 |
Building
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| ConstructedDate | 1949 |
| CoolingType | None |
| ExteriorFinish | Stucco |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2379 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 120 Ft |
| SizeFrontage | 38 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R5 |
https://www.realtor.ca/real-estate/27812191/107-tait-street-cambridge
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Christina Sandra Singh-Adeeb
Salesperson
515 Riverbend Dr., Unit 103
Kitchener, Ontario N2K 3S3
Monty Adeeb
Salesperson
515 Riverbend Dr., Unit 103
Kitchener, Ontario N2K 3S3
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January 17 2025 02:04:01
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