270 Water Street N Cambridge, Ontario N1R 3C3
$709,000
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! (id:59646)
Property Details
| MLS® Number | 40733662 |
| Property Type | Multi-family |
| Amenities Near By | Airport, Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Industrial Park, Community Centre, School Bus |
| Equipment Type | Water Heater |
| Features | Conservation/green Belt, Crushed Stone Driveway, Industrial Mall/subdivision, Shared Driveway, Laundry- Coin Operated |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
| Structure | Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1890 |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1874 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| None |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Airport, Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 129 Ft |
| Size Frontage | 57 Ft |
| Size Irregular | 0.174 |
| Size Total | 0.174 Ac|under 1/2 Acre |
| Size Total Text | 0.174 Ac|under 1/2 Acre |
| Zoning Description | C2 |
https://www.realtor.ca/real-estate/28386613/270-water-street-n-cambridge
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May 29 2025 08:15:12
Kitchener-Waterloo Association of REALTORS®
Keller Williams Innovation Realty
