$ 799,900
5-7 LINCOLN Avenue Cambridge, ON N1R4W4
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$ 799,900
Est. payment | /mo
5 Beds
3 Baths
2,739 SqFt
$ 799,900
Est. payment | /mo
5 Beds
3 Baths
2,739 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,739 sqft
Price per Sqft $292
Subdivision 21 - Glenview, Lincoln, Oak
MLS® Listing ID 40650067
Bedrooms 5
Originating Board Cornerstone - Waterloo Region
Property Description
5-7 Lincoln Avenue offers a fantastic opportunity to enjoy the best of both worlds—live in one unit while generating rental income from the additional units. It's the perfect opportunity for those looking to balance comfortable living with smart financial growth! This property offers character-rich living across 3 units. Step into Unit 5A- this one bedroom unit featuring high ceilings, abundant natural light, charming wood trim, and decorative fireplace provides the perfect place to relax.This unit has a private front patio & parking right outside the front door. Enjoy the convenient main floor layout of 2 bedroom Unit 5B with a bright sunroom & direct access to the yard. Complete kitchen with dishwasher, farmhouse sink & plenty of hardwood counter space. Unit 5B offers a comfortable layout for a professional/small family. Located on the 2nd floor, Unit 7 boasts 2 bedrooms flooded with natural light. The primary features a sunroom, providing a peaceful personal space. The galley kitchen provides tall cabinets for extra storage & dishwasher, as well as a sunlit living room to entertain friends and family. Each unit is equipped with separate hydro meters and updated electrical panels (water & heat included in rents), 1 parking spot per unit, and a convenient storage locker. The basement houses the shared coin-op laundry & secure area for utilities including updated electrical panel (separate meter) for common area electrical. All tenants have access, and use of the well maintained backyard as well as a private patio area for each unit. Plumbing was updated in 2010 removing galvanized steel water pipes and replacing with copper/pvc. Major electrical upgrades and inspections in 2011. Nestled on a character street lined by classic Galt globe lamps, 5-7 Lincoln Avenue offers a double lot in an established neighbourhood close to local shops, restaurants, Downtown Galt and more. Don't miss out on the opportunities Lincoln Ave has for you! (id:24570)
Location
Province ON
Interior
Heating Forced air,
Cooling None
Exterior
Garage Yes
Community Features School Bus
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by ROYAL LEPAGE CROWN REALTY SERVICES INC. - BROKERAGE 2
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "