270 WATER STREET N, Cambridge, Ontario
$709,000
- 5 Beds
- 3 Baths
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. Dont miss your chance to secure a premier asset in this dynamic growth zone! (id:23309)
- Listing ID: X12182573
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 270 WATER STREET N in Cambridge Ontario. It was last modified on May 29th, 2025. Contact Tom Linkletter to schedule a viewing or to discover other Cambridge real estate for sale.