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Home ON Kitchener - Cambridge - Waterloo Cambridge City Core
54 GRAND Avenue N
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54 GRAND Avenue N $1,689,000
2 days ago
$1,689,000
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54 GRAND Avenue N
Cambridge, Ontario N1S2K9

MLS® Number: 40715017
10
Bedrooms
4
Bathrooms
3255
Square Feet

Listing Description

Nestled in the vibrant heart of downtown Galt, this 1 1/2-story building presents a unique opportunity for investors and entrepreneurs. Located near the prestigious University of Waterloo School of Architecture, and within walking distance to the bustling Gaslight District and the popular Hamilton Family Theatre, this property is surrounded by the stunning architecture of older churches, adding to its historic charm. It is also just steps away from the Cambridge Library, enhancing its appeal with easy access to valuable resources and community services. Currently operating as a Rental Home for students of the University of Waterloo School of Architecture (within 350 metres of the school), the building features up to 9 bedrooms and 1 separate bachelor unit. There are (2) shared communal kitchens, (1) kitchen in the bachelor unit and (4) baths between the lower and upper units. Zoned RM4, the property affords a multitude of mostly multi-residential uses, Its proximity to local amenities such as shops, cafes, cultural landmarks, and entertainment venues like the Gaslight District and Hamilton Family Theatre, further enhances its attractiveness to tenants. Highlights of this property include: High visibility in a high-traffic area, Versatility with 15 potential income-generating rooms, Broad zoning possibilities catering to a range of residential type opportunities, this property is an excellent investment for those looking to capitalize on the continuous growth and development of the Galt area. A rare find, this building offers both the charm of a historic district and many opportunities for both those with entrepreneurial spirit and those looking for a turnkey Student Rental. (68959006)

Location Description

401 to Hespeler Rd. to Water St. N right on to Park Hill Rd. W left onto Grand Ave N

Property Summary

Property Type
Multi-family
Building Type
Duplex
Storeys
2
Square Footage
3255 sqft
Subdivision Name
10 - Victoria
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$5,507.73
Total Parking Spaces
5
Time on REALTOR.ca
2 days

Building

Bathrooms
Total
4
Interior Features
Basement Type
Full (Unfinished)
Building Features
Features
Laundry- Coin operated
Foundation Type
Poured Concrete
Fire Protection
Unknown
Total Units
2
Heating & Cooling
Cooling
Ductless, Wall unit
Heating Type
Forced air, Heat Pump, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Stone
Neighbourhood Features
Amenities Nearby
Park, Place of Worship, Public Transit, Schools, Shopping
Parking
Total Parking Spaces
5

Measurements

Square Footage
3255 sqft
Above Grade Finished
3255 sqft
Source: Other

Land

Lot Features
Frontage
66 ft
Other Property Information
Zoning Description
RM4
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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