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 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. The property is being offered as is where is. (id:56071). Get more information on 248 Main Street

Property Features

Rental Equipment:  
Directions:  Cross Streets: Lincoln Ave. ** Directions: Lincoln Rd to Main st.
Zoning Description:  R4 Residential Low Density
Interior Size:  1500 - 2000 sqft
Lot:  25.5 M ; 25.54 x 17.59 x 21.9 x 24.76 m 25.5 M ; 25.54 x 17.59 x 21.9 x 24.76 m
Exterior Finish:  Brick Facing, Vinyl siding
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Electric, Natural gas / None
Age: 100+ years
Foundation: Poured Concrete
Basement:  N/A, N/A (Finished) Finished

Rooms & Sizes