204 Melrose Street, Cambridge ON N3H 4A6

Description

Welcome to 204 Melrose, an exceptional all-brick maintenance-free triplex with a unique half-above-grade lower unit. This property offers three spacious 2-bedroom units, providing an excellent opportunity for investors or those seeking multi-family living.

Units 2 & 3 feature identical layouts. Unit 2 has a covered porch area. Unit 3 features a private balcony. Both units 2 and 3 offer large master bedrooms and spacious eat-in kitchens. Hardwood floors are present under the carpet in the living rooms of units 2 and 3. The roof was replaced in 2010, while the garage roof received an upgrade in 2015. The hot water boiler system was rebuilt in 2019. Recent updates include replaced taps, sinks, counters, and backsplashes in the kitchens, as well as refreshed bathroom flooring, vanities, taps, and toilets in units 2 and 3 in 2020 and 2021. In 2019, all light fixtures in the building were replaced with energy-efficient LED bulbs. The majority of the windows were replaced in 2012, and all lower-level unit windows were updated in 2019.

Additional improvements include an upgraded electrical panel in 2020, insulated garage doors, and reparation of two exterior garage walls in 2019. The mechanical room is equipped for electric dryers and washing machines.

The two-car garage, spanning approximately 540 sq ft, offers the potential for extra income as it can be rented out as two separate units. With no public sidewalks or boulevards to maintain, the property minimizes upkeep responsibilities. Ample parking is available, including two garage spaces, five parking spots, and ample street parking for visitors.

A partially fenced private yard area further enhances the property, offering additional space for relaxation or recreation. Unit 2 benefits from separate exterior and interior entrances, providing added privacy and convenience. Units 2 and 3 offer approximately 950 sq ft of living space, while unit 1 provides approximately 785 sq ft.