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$819,900
Ontario,Cambridge
For Sale Active
42 MARKET Street, Cambridge, Ontario N1R3T2
  • 8
  • 4
  • 3,520 Sqft
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Basic Details
Description

Rare downtown Cambridge four-plex investment offering stable income and exceptional tenant amenities. This fully occupied property generates over $77,000 in gross annual income with an approximate 5.76% cap rate, making it an attractive addition to an investor’s portfolio. The building consists of four well-sized 2-bedroom, 1-bath units, each with its own private single-car garage, a feature rarely found in comparable

multi-unit properties and highly valued by tenants. Each unit enjoys equal access to a private rear patio, while the property provides common laundry facilities and additional on-site parking. The property benefits from steady tenants, contributing to reliable and consistent rental income. Another key highlight is the C1RM1 zoning, which permits a range of commercial and mixed-use uses in addition to residential, offering flexibility for investors seeking future repositioning opportunities, redevelopment potential, or owner-occupancy with a business component, subject to municipal approvals. Situated steps from public transit and minutes from Downtown Galt, the property is close to restaurants, shops, the Gaslight District, the University of Waterloo School of Architecture, the Cambridge Farmers’ Market, Mill Race Park, and the Grand River, all of which help support strong tenant demand. A compelling opportunity for investors seeking stable cash flow today with long-term upside through flexible zoning and a downtown location. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 40810206
  • Price: $819,900
  • Bedrooms: 8
  • Bathrooms: 4
  • Square Footage: 3,520 Sqft
  • Year Built: 1967
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 283896
Features & Appliances
Features
  • Heating System: Electric, Baseboard heaters
  • Cooling System: None
  • Basement: None
  • Parking: Open, Attached Garage, Visitor Parking
  • Exterior Features: Brick
  • Sewer: Municipal sewage system
Address Map
  • Location: CA, Ontario, Cambridge, 20 - City Core/Wellington, N1R3T2
  • Street: MARKET
  • Street Number: 42
  • Street Suffix: Street
  • Longitude: W81° 41' 12.2''
  • Latitude: N43° 21' 52''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Features:
  • Number Of Units Total: 4
  • Stories: 3.0
Financial
  • Tax Annual Amount: 9128.83
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Listing updated: 2026-03-23 18:22:25
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Listing Information
  • List Agent Key: 1750492
  • List Office Key: 283896
  • Modification Timestamp: 2026-03-09T14:15:51Z
  • Originating System Name: Cornerstone Association of REALTORS®
  • Status Change Timestamp: 2026-03-09T14:09:20Z
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Listing updated: 2026-03-23 18:22:26
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