March 25, 2024
- 10 min read
248 Main Street Cambridge, Ontario N1R 1X3
$699,000
4 Bedroom
3 Bathroom
1,500 - 2,000 ft2
None
Forced Air, Not Known
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 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. The property is being offered as is where is. (id:36109)
Property Details
| MLS® Number | X12741702 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Place Of Worship |
| Parking Space Total | 5 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Age | 100+ Years |
| Basement Development | Finished |
| Basement Features | Separate Entrance |
| Basement Type | N/a, N/a (finished) |
| Cooling Type | None |
| Exterior Finish | Brick Facing, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Forced Air, Not Known |
| Stories Total | 3 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Place Of Worship |
| Sewer | Sanitary Sewer |
| Size Frontage | 25.54 M |
| Size Irregular | 25.5 M ; 25.54 X 17.59 X 21.9 X 24.76 M |
| Size Total Text | 25.5 M ; 25.54 X 17.59 X 21.9 X 24.76 M |
| Zoning Description | R4 Residential Low Density |
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248 Main Street
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Homelife Power Realty Inc
January 30 2026 05:21:05
