270 Water Street N Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N1R 3C3
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,874 sqft
Price per Sqft $378
MLS Listing ID 40733662
Bedrooms 5
Abv Grd Liv Area 1,874
Year Built 1890
Annual Tax Amount $4,328
Lot Size 7,579 Sqft
Acres 0.174
Property Sub-Type Multi-3 Unit
Source Waterloo Region
Property 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!
Location
Province ON
County Waterloo
Area 13 - Galt North
Zoning C2
Direction CORONATION BLVD./DUNDAS ST. N.
Rooms
Other Rooms Storage
Basement Separate Entrance,Partial,Unfinished
Kitchen 0
Interior
Interior Features Accessory Apartment,Separate Heating Controls,Separate Hydro Meters
Heating Forced Air,Natural Gas
Cooling None
Fireplace No
Appliance Refrigerator,Stove
Laundry Coin Operated,Common Area
Exterior
Exterior Feature Separate Hydro Meters
Parking Features Gravel,Mutual/Shared
Waterfront Description Access to Water,Lake/Pond
Roof Type Metal
Porch Porch
Lot Frontage 57.32
Lot Depth 129.07
Garage No
Building
Lot Description Rectangular,Airport,Ample Parking,Business Centre,Dog Park,City Lot,Near Golf Course,Greenbelt,Highway Access,Hospital,Industrial Mall,Industrial Park,Library,Major Anchor,Open Spaces,Park,Place of Worship,Playground Nearby,Public Parking,Public Transit,Rec./Community Centre,Regional Mall,School Bus Route,Schools,Shopping Nearby
Faces CORONATION BLVD./DUNDAS ST. N.
Story 2
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Aluminum Siding
New Construction No
Others
Senior Community No
Tax ID 037740099
Ownership Freehold/None
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