318 Dolph Street South, Cambridge | Image 1

318 Dolph Street South

Cambridge

  • 11 bed 6 bath 3000 sqft
$1,549,000 est.*: $5,247/mo
For Sale

Added 2 days ago

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  • Type: Multiplex

  • Style: 2 1/2 Storey

  • Size: 3000 sqft

  • Lot Size: 165 x 65 Acres

  • Age: 51-99 years

  • Taxes: $8,116 per year

  • Days on Site: 2 Days

  • Added: Feb 25, 2025 (2 days ago)

  • Updated:

  • Last Checked: 5 hours ago

  • MLS®#: X11990994

  • Listed By: Right at home realty, brokerage

Modernized sixplex building, 5x2 bedrooms and 1x1 bedroom, that is well maintained with great friendly tenants generating over 5.5% cap rate now and ability to increase the cap immediately through some efficiency tweaks. The cap could be increased by moving from private garbage pickup to city garbage pick-up, renting the locker in the building, and introducing 4-6 more parking spots. Hydro and Water is metered separately. The average rent per unit is 1,519$/month and the building is generating 85,000$ income after operating expenses. Four units went through recent renovations and the other two units are still in good shape. The building has modern gas heating that goes through ducted system, future owner can consider adding central AC through the system otherwise some tenants have window AC units right now. Windows have been changed. Electrical is 200 amps. The building is fully compliant with fire department requirements for fire safety and has security cameras. Recent upgrades are coin operated washer and dryer, exterior lighting, water softener and gas hot water heater, and new mailboxes. You can't ask for a better maintained building at this price. The building is located in friendly neighborhood with easy access to 401 and across the street from Grand View Public School, which is additional plus.

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2 1/2 Storey

  • Size (sq ft): 3000

  • Age: 51-99

  • Area: Cambridge

  • Availability Date: Flexible

  • Assessment Amount: $585,000

  • Assessment Year: 2024

Inside

  • Bedrooms: 11

  • Bathrooms: 6

  • Kitchens: 6

  • Rooms: 29

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Laundry Level: Lower

  • Central Vacuum: N

  • Washrooms: 6

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Yes

  • Telephone: Yes

Building

  • Basement: Apartment

  • Basement 2: Finished

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Available

  • Garage Type: None

  • Covered Parking Spaces: 7

  • Total Parking Spaces: 7

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 128 PL 716 CAMBRIDGE AS IN 311355, S/T & T/W 1533240; CAMB

  • Taxes: $8,116

Highlights

  • Feature: Park

  • Feature: Public Transit

  • Feature: School

  • Feature: School Bus Route

Land

  • Cross Street: HAMILTON ST

  • Municipality District: Cambridge

  • Fronting On: East

  • Parcel Number: 037840168

  • Parcel of Tied Land: N

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 65 Acres

  • Lot Frontage: 165 Acres

  • Zoning: RM3

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Very Walkable

  • Most errands can be accomplished on foot.
86 /100

Some Transit

  • Most errands require a car.
44 /100

Very Bikeable

  • Most errands can be accomplished on bike.
74 /100
Map of 318 Dolph Street South, Cambridge
JK-8

St Joseph Catholic Elementary School

Elementary: Catholic
0.86 km
JK-6

Preston Public School

Elementary: Public
0.70 km
JK-6

Grand View Public School

Elementary: Public
0.04 km
JK-8

St Michael Catholic Elementary School

Elementary: Catholic
0.97 km
JK-6

Coronation Public School

Elementary: Public
1.29 km
7-8

William G Davis Public School

Elementary: Public
1.23 km
9-12

ÉSC Père-René-de-Galinée

Secondary: Catholic
4.21 km
Pre-Grade 9-12

Southwood Secondary School

Secondary: Public
4.85 km
Pre-Grade 9-12

Galt Collegiate and Vocational Institute

Secondary: Public
3.91 km
Pre-Grade 9-12

Preston High School

Secondary: Public
0.80 km
Pre-Grade 9-12

Jacob Hespeler Secondary School

Secondary: Public
4.27 km
9-12

St Benedict Catholic Secondary School

Secondary: Catholic
4.38 km

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