270 Water St N, Cambridge, ON N1R 3C3, Canada
270 Water St N, Cambridge, ON N1R 3C3, CanadaBasics
- Date added: Added 4 weeks ago
- Category: Residential Income
- Type: Multi-3 Unit
- Status: Active
- Bedrooms: 5
- Bathrooms: 3
- Area: 1874 sq ft
- Year built: 1890
- County Or Parish: Waterloo
- Lot Size Square Feet: 7579.44 sq ft
- Lot Size Acres: 0.174 sq ft
- MLS ID: 40733662
Description
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Description:
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!
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Location
- Parking Total: 4
- Directions: CORONATION BLVD./DUNDAS ST. N.
Building Details
- Number Of Units Total: 3
- Building Area Total: 1874 sq ft
- Number Of Buildings: 0
- Parking Features: Gravel, Mutual/Shared
- Covered Spaces: 0
- Construction Materials: Aluminum Siding
- Garage Spaces: 0
- Roof: Metal
Amenities & Features
- Water Source: Municipal
- Patio & Porch Features: Porch
- Appliances: Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Exterior Features: Separate Hydro Meters
- Waterfront Features: Access to Water, Lake/Pond
- Cooling: None
- Interior Features: Accessory Apartment, Separate Heating Controls, Separate Hydro Meters
- Heating: Forced Air, Natural Gas
- Frontage Type: West
