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42 Portland Street, Cambridge, ON, N1R 4C7

MLS® # 40605582
Investment For Sale In Riverview, Cambridge, Ontario
$1,690,000
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
Virtual Tour
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
42 Portland Street, Cambridge, ON
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ACTIVE
42 Portland Street, Cambridge, ON, N1R 4C7
$1,690,000

Property Information:

This is the definition of a turnkey and worry free investment. Welcome to 42 Portland st. Cambridge. No expense was spared in this conversion project from church to 4 unit property. With a 5 year lease in place for all 4 units, the savvy investor has no worries about tenant turn over, no worries about rental increases (4% per year already in place), and no worries about the maintenances of the building. In the next 5 years this building will collect $614,210 in rent and tenant covers all utilities. All mechanicals new and owned, appliances are brand new, metal roof for longevity, all new wiring (200amp) and plumbing and a new water main and sewer main, and Insulation redone to meet energy efficiency code. Seller open to VTB discussions. Located in a quiet area and truly a must see, don't let this opportunity slip by.

Inclusions: Other,4 Stoves, 4 Fridges, 4 Washers, 4 Dryers, 4 Built In Microwaves

Exclusions : Tenant Belongings

Building Features:

  • Floor Space: 1450.65

Property Features:

  • Bedrooms: 7
  • Acres Range: < 0.5
  • Basement: Separate Entrance, Walk-Out Access, Full, Finished, Sump Pump
  • Construction Materials: Aluminum Siding
  • Cooling: Central Air, Ductless
  • Driveway Parking: Outside/Surface/Open, Private Drive Triple+ Wide
  • Floor Space (approx): 1450.65 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Separate Heating Controls, Separate Hydro Meters
  • Laundry Features: In-Suite
  • Lot Depth: 120 Feet
  • Lot Features: Rectangular, City Lot, Hospital, Park, Place of Worship, Public Transit, Quiet Area, Schools
  • Lot Frontage: 45.00 Feet
  • Other Structures: Shed(s)
  • Parking Features: Asphalt
  • Roof: Metal
  • Water Source: Municipal
  • Zoning: RM4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

Courtesy of: SHAW REALTY GROUP INC.

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

Sales/Price History

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Location of 42 Portland Street, Cambridge, ON, N1R 4C7

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

33 hot days expected in 2050

Projected Storm Risk: Very High

13 storms expected in 2050

Projected Heat Risk: High

33 hot days expected in 2050

52/100

High

ClimateCheck®

Current data

This property, 42 Portland Street , experiences 7 hot days per year at around 31.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 34.6 degrees Celsius.

Projected Avg. Temperature

Past
31.1℃
2050
34.6℃

# Hot Days Per Year

Past
7
2050
33

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

13 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 42 Portland Street , experiences 11 significant 2-day storms per year, with about 321.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 396.2mm of precipitation per year.

Precipitation Per Storm

Past
321.5mm
2050
396.2mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 42 Portland Street, Cambridge, ON, N1R 4C7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$102,849.55

Average Number of Children

1.45

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.28 %

High school certificate or equivalent

37.68 %

Apprenticeship trade certificate/diploma

5.22 %

College/non-university certificate

20.02 %

University Degree

18.81 %

Commuter

Travel To Work

By Car

86.69 %

By Public Transit

5.79 %

By Walking

5.05 %

By Bicycle

0.0 %

By Other Methods

2.47 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

49.71 %

Houses

50.29 %

Own Vs. Rent