128 Pollock Avenue, Cambridge ON

About 128 Pollock Avenue

Investors, house hackers and families looking to get into a larger space with tons of flexibility, this home has the potential to generate approximately $74,000 in gross annual revenue at an estimated 6.5% cap rate, this is a rare opportunity to secure a high-performing multi-unit property with excellent long-term upside. Situated in a prime location close to restaurants, schools, parks, shopping , and everyday amenities, this is an ideal location for all. Offering two spacious 3-bedroom suites and one well-appointed 2-bedroom suite, this property delivers flexibility, functionality, and impressive income potential all under one roof. Whether you are an owner-occupier looking to have additional units help contribute toward your mortgage and monthly expenses,or an investor seeking a strong addition to your portfolio, this property checks all the boxes. The current upper unit tenants are paying $2,200/month and would like to stay, providing immediate stable income. The main floor and basement units will be vacant on closing, allowing buyers the flexibility to move in, choose their own tenants, or set rents at current market value.The basement suite previously generated $1,700/month,while the main floor unit offers strong rental potential in the $2,400 month range. Extensively updated and well maintained, the home offers peace of mind with a newer water softener, updated electrical panel, sewer lining for root protection, and numerous thoughtful upgrades throughout. The basement layout also offers the flexibility to be opened up and connected to the adjacent unit for additional family living space. Additional highlights include two laundry areas, a large recreation room and dedicated home office in the main unit, parking for up to 6 vehicles, and a highly desirable double car garage. A rare opportunity offering strong cash flow potential, updated condition, and flexible living arrangements. (id:56071). Get more information on 128 Pollock Avenue

Property Features

Appliances:  Dryer, Refrigerator, Stove, Water softener, Washer
Features:  Paved driveway, In-Law Suite
Rental Equipment:  Water Heater
Fireplace Total:  1
Fireplace:  Wood Other - See remarks
Directions:  DUNDAS > POLLOCK
Zoning Description:  R1
Interior Size:  5138 sqft
Fence:  Partially fenced
Lot:  under 1/2 acre
Exterior Finish:  Aluminum siding, Brick
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age:  1950
Constructed Date:  1950
Basement:  Full (Partially finished) Partially finished

Rooms & Sizes

4pc Bathroom Second level 8 5 x 7 6	Bedroom Second level 12 0 x 11 9	Bedroom Second level 10 6 x 15 4
Bedroom Second level 10 6 x 16 6	Kitchen Second level 14 6 x 8 7	Laundry room Basement 7 10 x 5 0
Kitchen Basement 12 0 x 14 11	Family room Basement 6 9 x 8 3	Bedroom Basement 12 3 x 11 7
Bedroom Basement 12 3 x 16 6	Cold room Basement 5 5 x 10 9	Office Basement 7 7 x 4 8
Recreation room Basement 23 0 x 21 9	4pc Bathroom Basement 4 11 x 7 11	2pc Bathroom Main level 2 10 x 6 4
4pc Bathroom Main level 8 0 x 5 10	Bedroom Main level 10 6 x 12 3	Bedroom Main level 12 0 x 9 7
Dining room Main level 8 5 x 5 11	Kitchen Main level 18 7 x 8 9