view of front of house featuring a chimney and brick siding Features: fence, balcony More Photos

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    For Sale - 248 Main Street, Cambridge, Ontario

    Est payment $3,465/mo
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    Time on Jump  2 day

    AI Summary *

    • Solid brick triplex in a high-demand rental area for strong income potential.
    • Located near downtown, transit, parks, shopping, and schools for convenience.
    • Current tenants provide immediate rental income with vacant possession on closing.
    • Prominent corner site offers long-term value and redevelopment opportunities.
    • Severance application in progress for separate parcels, adding flexibility for investors.




    Excellent triplex investment opportunity in the heart of east galt. This solid brick triplex property offers strong income potential in a high demand rental area close to downtown, transit, parks, shopping, and schools. With some tlc, this property offers strong upside through renovations and improved rental performance. Currently tenanted; vacant possession on closing. Prominent corner location near main street and lincoln avenue adds long-term value and redevelopment appeal. The land containing the detached garage is subject to a severance and is being offered separately on mls as a land sale. A severance application is currently in progress, intended to create two distinct parcels. This listing relates only to the triplex building, unless otherwise agreed to by the parties. This structure provides investors with multiple strategies, including stable rental income, value add improvements, or future redevelopment potential. A rare opportunity to acquire a standalone multi-unit asset while clearly distinguishing between two separate real estate offerings. All severance details subject to municipal approval. Please refer to the drawing in supplements for separate lot measurements. The property is being offered as is where is.
    Listing IDX12741702
    Address248 Main Street
    CityCambridge, Ontario
    Price$699,000
    Bed / Bath4 / 3 Full
    Style2 1/2 Storey, Triplex
    ConstructionBrick Front, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features OtherAmenities Arts Centre, Public Transit, Place Of WorshipOwnership FreeholdBasement Separate Entrance, Development Potential, FinishedFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer

    Parking 5.00
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    Listing Agency:  HomeLife Power Realty Inc
    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

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    248 Main Street
    Cambridge , Ontario
    4 3 $699,000
    Get more info