270 WATER Street N, Cambridge, Ontario, N1R3C3
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. Don't miss your chance to secure a premier asset in this dynamic growth zone! (id:2471)
Keller Williams Innovation Realty, Brokerage
- 519-589-5523
- 519-570-4447
- 519-579-0289
- mattpitcherkw@gmail.com
Keller Williams Innovation Realty, Brokerage
- 519-570-4447
- 519-579-0289
- andre@kwhomeshop.com
- Property Address: 270 WATER Street N, Cambridge, Ontario, N1R3C3
- Property Type: Multi-family
- Zoning Description: C2
- Title: Freehold
- Lot Size: 0.174
- Acreage: 0.174 ac|under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Access: Road access, Highway access
- Driveway: None
- Total Parking Spaces: 4
- Amenities Nearby: Airport, Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
- Structure Style: Triplex
- Storeys: 2
- Floor Space: 1874 sqft
- Building Age: 1890
- Bedrooms: 5
- Bathrooms: 3-Total
- Basement Type: Partial (Unfinished)
- Heating Type: Natural gas, Forced air
- Cooling: None
- Exterior Type: Aluminum siding
- Foundation Type: Stone
- Structures: Porch
- Conservation/green belt
- Crushed stone driveway
- Industrial mall/subdivision
- Shared Driveway
- Laundry- Coin operated
- Industrial Park
- Community Centre
- School Bus
Listing Offices: KELLER WILLIAMS INNOVATION REALTY
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