ON > Cambridge
Cambridge, ON N1R 3C3,270 Water ST N
Cambridge, ON N1R 3C3,270 Water ST N
Cambridge, ON N1R 3C3,270 Water ST N
Cambridge, ON N1R 3C3,270 Water ST N
Cambridge, ON N1R 3C3,270 Water ST N
Cambridge, ON N1R 3C3,270 Water ST N
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YHSGR Corporate

YHSGR Corporate

+1(678) 327-4255
$ 709,000
Est. payment | /mo

5 Beds

3 Baths

Save Virtual Tour
$ 709,000
Est. payment | /mo
Save Virtual Tour

5 Beds

3 Baths

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

Virtual Tour https://unbranded.youriguide.com/270_water_st_n_cambridge_on/

Listed by KELLER WILLIAMS INNOVATION REALTY

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YHSGR Corporate
YHSGR Corporate

Broker

+1(678) 327-4255

435 E. Main Street, Buford, Georgia, 30518, USA

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270 Water ST N