$900,000
$799,000
12.6%For more information regarding the value of a property, please contact us for a free consultation.
650 Mortimer DR Cambridge, ON N3H 5R7
4 Beds
4 Baths
Key Details
Sold Price $900,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X6155180
Sold Date 09/07/23
Style 2-Storey
Bedrooms 4
Annual Tax Amount $4,497
Tax Year 2023
Property Sub-Type Detached
Property Description
That sounds like a great property! Cambridge, Ontario is a beautiful city and a desirable location for both investors and first-time homebuyers. A detached three-bedroom house with two kitchens and a One-bedroom basement apartment offers excellent potential for rental income or multi-generational living arrangements.Investors will appreciate the opportunity to generate rental income from both the main living area and the basement apartment. Cambridge is a growing city with a strong rental market, so finding tenants should not be difficult. For first-time buyers, this property provides the opportunity to own a spacious home while also having the potential to generate rental income. The two kitchens offer flexibility and can accommodate different living arrangements.First-time buyers may choose to live in the main portion of the house and rent out the basement apartment to help with mortgage payments or use it as a source of income to save for the future.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room Yes
Basement Finished
Kitchen 2
Separate Den/Office 1
Interior
Cooling Central Air
Exterior
Parking Features Private Double
Garage Spaces 1.0
Pool None
Lot Frontage 30.91
Lot Depth 117.19
Total Parking Spaces 4
Building
Lot Description Irregular Lot
Others
Senior Community Yes
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