270 Water ST N Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N1R 3C3
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X12182573
Style 2-Storey
Bedrooms 5
Building Age 100+
Annual Tax Amount $4,328
Tax Year 2025
Property Sub-Type Triplex
Property Description
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. Don't miss your chance to secure a premier asset in this dynamic growth zone! All units are occupied by AAA tenants with excellent credit scores!! Gross annual rental income approximately $60,500!!!
Location
State ON
County Waterloo
Area Waterloo
Zoning C2
Rooms
Family Room No
Basement Partial Basement,Unfinished
Kitchen 3
Interior
Interior Features Accessory Apartment,Separate Heating Controls,Separate Hydro Meter
Cooling None
Inclusions one coin operated washer and dryer, 3 fridges, 3 stoves
Exterior
Parking Features Private Double
Pool None
Roof Type Metal
Lot Frontage 57.32
Lot Depth 129.07
Total Parking Spaces 4
Building
Foundation Stone
Others
Senior Community No
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