270 Water Street N, Cambridge ON

About 270 Water Street N

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! All units are occupied by AAA tenants with excellent credit scores!! Gross annual rental income approximately $60,500!!! (id:56071). Get more information on 270 Water Street N

Property Features

Features:  Conservation/green belt, Crushed stone driveway, Industrial mall/subdivision, Shared Driveway, Laundry- Coin operated
Rental Equipment:  Water Heater
Directions:  CORONATION BLVD./DUNDAS ST. N.
Zoning Description:  C2
Interior Size:  1874 sqft
Community Features:  Industrial Park, Community Centre, School Bus
Access:  Road access, Highway access
Lot:  0.174 ac|under 1/2 acre 0.174
Exterior Finish:  Aluminum siding
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / None
Age:  1890
Foundation: Stone
Constructed Date:  1890
Basement:  Partial (Unfinished) Unfinished

Rooms & Sizes