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 $3,357/mo
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    Views   1
    Time on Jump  62 day

    AI Summary *

    • Triplex investment in a high-demand rental area close to downtown.
    • Strong income potential with two units currently tenanted.
    • Opportunity for updates to maximize rental performance.
    • Prominent corner location enhances long-term value and redevelopment potential.
    • Separate land offering available for additional investment options.




    Excellent triplex investment opportunity in the heart of east galt. This solid brick property offers strong income potential in a high-demand rental area close to downtown, transit, parks, shopping, and schools. The property requires updates and improvements to maximize rental potential, and the pricing reflects its current condition, presenting a compelling value-add opportunity for investors looking to enhance performance and build long-term equity. The building is being sold as is, where is. The basement unit is partially finished, not currently rented, and will need to be completed prior to occupancy. There has been water penetration in the basement area that will require remediation, allowing buyers to address the issue and incorporate completion of the space into their renovation plans. Two of the three units are currently tenanted; vacant possession of the tenanted units will be provided on closing. The prominent corner location near main street and lincoln avenue enhances long-term value and future redevelopment potential. 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 to create two distinct parcels. This listing relates only to the triplex building and does not include the portion of land proposed to be severed, which is being offered separately at its own list price. All severance details are subject to municipal approval. Please refer to the drawing in supplements for separate lot measurements. This is a rare opportunity to acquire a standalone multi-unit asset with clear upside through renovation, stabilization, or future redevelopment, while distinctly separating two independent real estate offerings.
    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

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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