153 St Andrews Street Cambridge, Ontario N1S 1N2

$749,000

Price reduced. Turnkey triplex in prime West Galt, now offered at $749,000 and delivering an approximate 5.70% cap rate. This fully rented, income-producing property features three self-contained units generating a combined $4,800/month in gross rental income, including a 2-bedroom unit rented at $1,600/month, a 3-bedroom unit rented at $1,850/month, and a studio with den rented at $1,350/month. The diversified unit mix offers broad tenant appeal, stable in-place income, and flexibility for long-term rental demand. Separately metered units help keep utility management efficient for the landlord, while the basement sprinkler system adds safety and potential insurance value. Recent updates over the past several years include newer windows, refreshed interiors, and updated bathrooms, helping reduce near-term capital expenditure risk and keeping the property competitive in the rental market. Located in sought-after West Galt, close to downtown Cambridge, schools, parks, trails, transit, shopping, restaurants, and convenient Highway 401 access, this property offers both strong current performance and long-term upside. Investors can benefit from proven tenancy, existing cash flow, and future upside through rent growth or value-add improvements over time. Ideal for buyers seeking a low-maintenance, income-producing asset in one of Cambridge’s most desirable neighbourhoods, this triplex offers a strong combination of location, stability, and investment fundamentals. A solid opportunity to secure a fully rented Cambridge triplex at the new reduced price. (id:19593)

Property Details

MLS® Number	40828412
Property Type	Multi-family
Amenities Near By	Public Transit, Schools, Shopping
Parking Space Total	3

Building

Bathroom Total	3
Bedrooms Total	5
Basement Development	Finished
Basement Type	Full (finished)
Cooling Type	None
Exterior Finish	Brick, Vinyl Siding
Heating Type	Forced Air
Stories Total	2
Size Interior	2,272 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

Open

Land

Access Type	Road Access
Acreage	No
Land Amenities	Public Transit, Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	117 Ft
Size Frontage	45 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	R5

https://www.realtor.ca/real-estate/29720611/153-st-andrews-street-cambridge