248 Main Street, Cambridge ON

About 248 Main Street

Excellent triplex investment opportunity in the heart of East Galt. This solid brick triplex property offers strong income potential in a high demand rental area close to downtown, transit, parks, shopping, and schools. With some TLC, this property offers strong upside through renovations and improved rental performance. Currently tenanted; vacant possession on closing. Prominent corner location near Main Street and Lincoln Avenue adds long-term value and redevelopment appeal. The property is being offered as is where is. The Land containing the detached garage is subject to a severance and is being offered separately on MLS as a land sale. A severance application is currently in progress, intended to create two distinct parcels. This listing relates only to the triplex building, unless otherwise agreed to by the parties. This structure provides investors with multiple strategies, including stable rental income, value add improvements, or future redevelopment potential. A rare opportunity to acquire a standalone multi-unit asset while clearly distinguishing between two separate real estate offerings. All severance details subject to municipal approval. Please refer to the drawing in supplements for separate lot measurements. (id:56071). Get more information on 248 Main Street

Property Features

Appliances:  Water meter
Rental Equipment:  
Directions:  Lincoln Ave to Main St.
Zoning Description:  R4 Low Density Residential
Interior Size:  2146 sqft
Access:  Road access, Highway Nearby
Fixture:  Ceiling fans
Lot:  under 1/2 acre
Exterior Finish:  Brick, Vinyl siding
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Electric, Natural gas / None
Age:  1918
Foundation: Poured Concrete
Constructed Date:  1918
Basement:  Full (Finished) Finished

Rooms & Sizes

Living room Second level 11 11 x 9 6	Kitchen Second level 14 1 x 13 10	Bedroom Second level 10 6 x 13 0
4pc Bathroom Second level 9 5 x 7 1	Storage Third level 5 8 x 5 7	Attic Third level 20 1 x 19 8
3pc Bathroom Third level 5 4 x 5 1	Living room/Dining room Main level 13 9 x 17 2	Kitchen Main level 11 0 x 13 8
Foyer Main level 10 11 x 9 4	Bedroom Main level 13 11 x 12 9	4pc Bathroom Main level 7 4 x 10 1