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Christine Caparello

[email protected] +1(905) 462-2775

Listed by Matthew Pitcher • KELLER WILLIAMS INNOVATION REALTY

$ 709,000

Est. payment -/mo

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270 Water Street N Cambridge, ON N1R 3C3

5 Beds

3 Baths

1,874 SqFt

UPDATED:

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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Christine Caparello

Advisor

+1(905) 462-2775

Christine Caparello

270 Water Street N Cambridge, ON N1R 3C3

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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270 Water Street N