139 ATTWOOD Drive, Cambridge, Ontario N1T2A5

Property Description

INVESTMENT OPPORTUNITY! A purposefully configured legal multi-residential property offering two self-contained living spaces, separate systems and an established tenant already in place. Welcome to 139 Attwood Drive, a one-owner custom-built Dunnink Homes raised bungalow with over 3,000 sq. ft. of finished living space and a fully legal secondary unit professionally constructed with City of Cambridge permits in 2020. The secondary suite has its own legal municipal address, private entrance, separate driveway, dedicated heating and cooling system, separate water meter, owned hot water tank and ensuite laundry, providing excellent separation between the two residences. Currently occupied by a reliable long-term month-to-month tenant, the suite features a spacious bedroom, full bathroom and open-concept kitchen/living area, offering immediate rental income from day one. The larger main residence provides excellent income potential with a spacious eat-in kitchen, walkout to the rear deck, bright living room, primary bedroom with private ensuite, second bedroom, den/home office that could be converted to an additional bedroom, and a main bathroom with double sinks. The lower level adds another bedroom, ensuite laundry, direct garage access and a substantial utility/storage area offering potential for additional finished space. Major improvements include the legal suite conversion (2020), roof shingles (2021), furnace and central air systems (2019/2022) and two owned hot water tanks. An oversized single garage, separate driveways and a location steps from St. Teresa Catholic Elementary and Saginaw Public School add to the property's long-term rental appeal. A compelling opportunity for investors seeking a legal multi-residential property with an existing income stream, independent services and further rental upside in an established Cambridge neighbourhood. (id:5764)