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318 DOLPH STREET S
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318 DOLPH STREET S $1,549,000
$1,549,000
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318 DOLPH STREET S
Cambridge, Ontario N3H2C2

MLS® Number: X11990994
11
Bedrooms
6
Bathrooms
3000 - 3500
Square Feet

Listing Description

Modernized sixplex building, 5x2 bedrooms and 1x1 bedroom, that is well maintained with great friendly tenants generating over 5.5% cap rate now and ability to increase the cap immediately through some efficiency tweaks. The cap could be increased by moving from private garbage pickup to city garbage pick-up, renting the locker in the building, and introducing 4-6 more parking spots. Hydro and Water is metered separately. The average rent per unit is 1,519$/month and the building is generating 85,000$ income after operating expenses. Four units went through recent renovations and the other two units are still in good shape. The building has modern gas heating that goes through ducted system, future owner can consider adding central AC through the system otherwise some tenants have window AC units right now. Windows have been changed. Electrical is 200 amps. The building is fully compliant with fire department requirements for fire safety and has security cameras. Recent upgrades are coin operated washer and dryer, exterior lighting, water softener and gas hot water heater, and new mailboxes. You can't ask for a better maintained building at this price. The building is located in friendly neighborhood with easy access to 401 and across the street from Grand View Public School, which is additional plus. (39949583)

Location Description

HAMILTON ST

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2.5
Square Footage
3000 - 3500 sqft
Land Size
165 x 65 Acre
Age Of Building
51 to 99 years
Annual Property Taxes
$8,116
Parking Type
No Garage
Time on REALTOR.ca
28 days

Building

Bedrooms
Above Grade
11
Bathrooms
Total
6
Interior Features
Appliances Included
Water Heater, Water meter, Water softener, Dryer, Stove, Washer, Refrigerator
Basement Features
Apartment in basement
Basement Type
N/A (Finished)
Building Features
Foundation Type
Block
Building Amenities
Separate Electricity Meters
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Schools, Public Transit, Park
Parking
Parking Type
No Garage
Total Parking Spaces
7

Measurements

Square Footage
3000 - 3500 sqft

Land

Other Property Information
Zoning Description
RM3
Data provided by: The Oakville, Milton & District Real Estate Board 208 - 400 Main Street East, Milton, Ontario L9T 4X5
MAXIM KHARITONOV
Broker
905-637-1700
REALTOR® Website View Listing on REALTOR® Website
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Right At Home Realty, Brokerage
Brokerage
5111 NEW ST - SUITE #102
BURLINGTON, Ontario L7L1V2
905-637-1700
905-637-1070

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