Welcome to 107 Tait Street, a fully tenanted fourplex located in a prime neighborhood, offering a reliable income stream and exceptional investment potential. This property features one 1-bedroom unit and three 2-bedroom units, each with a separate entrance, providing privacy and convenience for tenants. With seven dedicated parking spaces and coin-operated laundry facilities, it offers amenities that enhance tenant satisfaction while adding an additional revenue stream. Recent upgrades include significant safety and utility enhancements, such as the removal of a dangerous tree in 2019, the separation of water metering in 2020, and the installation of a commercial-grade water softener and three high-efficiency gas furnaces in Units 101, 202, and 301 in 2020. Modernization efforts continued with a new fridge for Unit 201 in 2021, two hot water tanks for Units 202 and 301 in 2022, and a new dishwasher and hot water tank for Unit 201 in 2023. Additionally, Unit 101 was renovated in 2024 and outfitted with all-new stainless steel appliances. These improvements ensure tenant satisfaction while minimizing future maintenance costs. Conveniently located near shopping, dining, schools, and public transportation, this property is highly attractive to renters. Fully occupied and income-generating from day one, 107 Tait Street is a hassle-free, turnkey investment opportunity. Contact us today to schedule a viewing and make this exceptional property part of your portfolio. (id:4069)
Address
107 TAIT Street
List Price
$1,150,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Area
Ontario
Sub-Area
Cambridge
Floor Area
2,379 Sq. Ft.
Year Built
1949
MLS® Number
40689720
Listing Brokerage
Century 21 Heritage House Ltd.
| CENTURY 21 HERITAGE HOUSE LTD.
Basement Area
Full (Partially finished)
Postal Code
N1S3C9
Zoning
R5
Site Influences
Public Transit
Features
Paved driveway
