248 Main Street Cambridge, Ontario N1R 1X3

$699,000

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 property is being offered as is where is. 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. (id:19593)

Property Details

MLS® Number	40801221
Property Type	Single Family
Amenities Near By	Park, Place Of Worship, Public Transit, Schools, Shopping
Parking Space Total	6

Building

Bathroom Total	3
Bedrooms Above Ground	2
Bedrooms Total	2
Appliances	Water Meter
Architectural Style	2 Level
Basement Development	Finished
Basement Type	Full (finished)
Constructed Date	1918
Construction Style Attachment	Detached
Cooling Type	None
Exterior Finish	Brick, Vinyl Siding
Fire Protection	Smoke Detectors
Fixture	Ceiling Fans
Foundation Type	Poured Concrete
Heating Fuel	Electric, Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,146 Ft2
Type	House
Utility Water	Municipal Water

Parking

Detached Garage

Land

Access Type	Road Access, Highway Nearby
Acreage	No
Land Amenities	Park, Place Of Worship, Public Transit, Schools, Shopping
Sewer	Municipal Sewage System
Size Frontage	51 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	R4 Low Density Residential

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Living Room			11'11'' x 9'6''
Second Level	Kitchen			14'1'' x 13'10''
Second Level	Bedroom			10'6'' x 13'0''
Second Level	4pc Bathroom			9'5'' x 7'1''
Third Level	Storage			5'8'' x 5'7''
Third Level	Attic			20'1'' x 19'8''
Third Level	3pc Bathroom			5'4'' x 5'1''
Main Level	Living Room/dining Room			13'9'' x 17'2''
Main Level	Kitchen			11'0'' x 13'8''
Main Level	Foyer			10'11'' x 9'4''
Main Level	Bedroom			13'11'' x 12'9''
Main Level	4pc Bathroom			7'4'' x 10'1''

https://www.realtor.ca/real-estate/29303560/248-main-street-cambridge