Property Information:

House hackers and multi-generational households looking for a larger home with flexibility, this property offers space, separation and income potential all under one roof. Featuring two spacious 3-bedroom suites and one 2-bedroom suite, the home can work as separate living spaces, an owner-occupied setup with mortgage support, or a more connected layout for extended living. The upper level has access from within the home, and the basement can potentially be opened and connected to the adjacent unit. This gives buyers the ability to keep the suites separate or explore a larger combined living arrangement as needs change. Situated close to restaurants, schools, parks, shopping and everyday amenities, this is a convenient location for owners and occupants. The home features generous bedrooms, spacious living areas, two laundry areas, a large rec room and dedicated home office in the main unit, plus excellent outdoor space, parking for up to 6 vehicles and a double car garage. Extensively updated and well maintained, the property offers peace of mind with a newer water softener, updated electrical panel, sewer lining for root protection and thoughtful upgrades throughout. The main floor and basement units will be vacant on closing, giving buyers flexibility to move in, create space for extended household needs, or choose how they want the home to function. For those who wish to rent portions of the property, the upper unit is currently rented for $2,200/month, the basement suite previously generated $1,700/month, and the main floor has rental potential in the $2,400/month range. With potential gross annual revenue of approximately $74,000 and an estimated 6.5% cap rate, this is a unique opportunity offering spacious living, flexible configurations, updated condition and valuable income support. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Partially finished
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Aluminum siding, Brick
Fireplace Fuel: Wood
Fireplace Type: Other - See remarks
Floor Space: 5138 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dryer, Refrigerator, Stove, Water softener, Washer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 6+2
Bathrooms: 4
Half Bathrooms: 1
Amenities Nearby: Public Transit, Shopping
Built in: 1950
Features: Paved driveway
Fence Type: Partially fenced
Floor Space (approx): 5138 Square Feet
Lot Frontage: 128 Feet
Structure Type: Shed
Zoning: R1
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 4

Rooms:

Kitchen 2nd Level 14'6'' x 8'7''
Bedroom 2nd Level 10'6'' x 16'6''
Bedroom 2nd Level 10'6'' x 15'4''
Bedroom 2nd Level 12'0'' x 11'9''
Bathroom 2nd Level 8'5'' x 7'6''
Laundry Basement Level 7'10'' x 5'0''
Kitchen Basement Level 12'0'' x 14'11''
Family Basement Level 6'9'' x 8'3''
Bedroom Basement Level 12'3'' x 11'7''
Bedroom Basement Level 12'3'' x 16'6''
Bathroom Basement Level 4'11'' x 7'11''
Recreation Room Basement Level 23'0'' x 21'9''
Office Basement Level 7'7'' x 4'8''
Cellar/Cold Room Basement Level 5'5'' x 10'9''
Primary Bedroom Main Level 12'10'' x 19'7''
Living Main Level 24'4'' x 17'1''
Kitchen Main Level 18'7'' x 8'9''
Dining Main Level 8'5'' x 5'11''
Bedroom Main Level 12'0'' x 9'7''
Bedroom Main Level 10'6'' x 12'3''
Bathroom Main Level 8'0'' x 5'10''
Bathroom Main Level 2'10'' x 6'4''

Courtesy of: SHAW REALTY GROUP INC.

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Demographic Information of 128 POLLOCK Avenue, Cambridge, Ontario, N1R 2C3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,292.55

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.09 %

High school certificate or equivalent

37.96 %

Apprenticeship trade certificate/diploma

6.35 %

College/non-university certificate

18.67 %

University Degree

10.93 %

Commuter

Travel To Work

By Car

90.3 %

By Public Transit

6.27 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

3.43 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

30.39 %

Houses

69.61 %

128 POLLOCK Avenue, Cambridge, Ontario, N1R 2C3