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$699,000
Ontario,Cambridge
For Sale Active
248 MAIN STREET, Cambridge, Ontario N1R1X3
  • 4
  • 3
  • 1500 - 2000Square Feet
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Basic Details
Description

Excellent triplex investment opportunity in the heart of East Galt. This solid brick property offers strong income potential in a high-demand rental area close to downtown, transit, parks, shopping, and schools. The property requires updates and improvements to maximize rental potential, and the pricing reflects its current condition, presenting a compelling value-add opportunity for investors looking to enhance performance and

build long-term equity. The building is being sold AS IS, WHERE IS. The basement unit is partially finished, not currently rented, and will need to be completed prior to occupancy. There has been water penetration in the basement area that will require remediation, allowing buyers to address the issue and incorporate completion of the space into their renovation plans. Two of the three units are currently tenanted; vacant possession of the tenanted units will be provided on closing. The prominent corner location near Main Street and Lincoln Avenue enhances long-term value and future redevelopment potential. 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 to create two distinct parcels. This listing relates only to the triplex building and does not include the portion of land proposed to be severed, which is being offered separately at its own list price. All severance details are subject to municipal approval. Please refer to the drawing in supplements for separate lot measurements. This is a rare opportunity to acquire a standalone multi-unit asset with clear upside through renovation, stabilization, or future redevelopment, while distinctly separating two independent real estate offerings. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12741702
  • Price: $699,000
  • Bedrooms: 4
  • Bathrooms: 3
  • Square Footage: 1500 - 2000 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 85076
Features & Appliances
Features
  • Heating System: Electric, Forced air, Natural gas, Not known
  • Cooling System: None
  • Basement: Finished, Separate entrance, N/A
  • Parking: No Garage
  • Exterior Features: Vinyl siding, Brick Facing
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Cambridge, N1R1X3
  • Street: Main
  • Street Number: 248
  • Street Suffix: Street
  • Longitude: W81° 41' 53.8''
  • Latitude: N43° 21' 23.5''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 25.5 M ; 25.54 x 17.59 x 21.9 x 24.76 m
  • Stories: 2.5
Financial
  • Tax Annual Amount: 5452
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Listing updated: 2026-03-23 20:13:00
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Listing Information
  • List Agent Key: 2237914
  • List Office Key: 85076
  • Modification Timestamp: 2026-02-28T12:50:59Z
  • Originating System Name: OnePoint Association of REALTORS®
  • Status Change Timestamp: 2026-02-28T12:39:01Z
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Listing updated: 2026-03-23 20:13:01
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