5 Beds 3 Bath

270 Water Street, Cambridge, ON N1R 3C3

Cambridge N1R 3C3 Ontario

MLS: X12182573

$709,000

Added 2 days ago | For Sale

Listed by: KELLER WILLIAMS INNOVATION REALTY

About Property

This prime asset ensures a turnkey income stream through modern finishes, multiple hydro meters, and shared coin-operated laundry, all contributing to tenant satisfaction and consistent revenue. Fully renovated (2017) commercial-zoned 3 unit home offers immediate, robust holding income from 3 self-contained units, all currently tenanted at attractive market rents. It stands as a low-maintenance asset, featuring a durable metal roof (2015) and aluminum siding, which significantly minimizes future capital expenditures. Its prime location makes it a true tenant magnet, boasting a high walk score that gives tenants unparalleled access to essential amenities like Tim Hortons, FreshCo, Starbucks, and Subway a significant draw for those without vehicles, with ample parking for 4 vehicles adding further appeal. Crucially, situated in a thriving, high-demand area, this property holds explosive redevelopment potential, making it a prime candidate for lucrative future multi-residential or mixed-use projects. This is more than a 3 unit home; it's a launchpad for substantial long-term value and a rare opportunity to capitalize on the significant redevelopment wave in Galt. Dont miss your chance to secure a premier asset in this dynamic growth zone!

Features

  • House Style:Triplex
  • Bathrooms:3
  • Land Size: 57.32 X 129.07
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Dundas St N
  • Basement:Partial Basement,Unfinished , Partial Basement,Unfinished
  • Possession Date:Flexible
  • Annual Property taxes: $4328
  • Bedrooms:5
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:X12182573

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