270 WATER STREET NORTH

Cambridge, , N1R3C3, Canada

$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. Dont miss your chance to secure a premier asset in this dynamic growth zone!

EXTRAS: Washer, Refrigerator, Stove, Dryer

Virtual Tour: https://youriguide.com/270_water_st_n_cambridge_on/

Last updated on : Thursday 29th of May 2025 06:20:49 PM

ADDRESS

Street : 270 WATER STREET NORTH

City : Cambridge

Country : Canada

Postal Code : N1R3C3

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PROPERTY SUMMARY

Property ID : X12182573

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 5

Bathrooms : 3

Parking : 4

Parking Type: No Garage

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