248 MAIN STREET, Cambridge, Ontario, N1R 1X3

MLS® # X12741702

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Investment For Sale In Lincoln Oaks, Cambridge, Ontario

$699,000

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248 Main Street, Cambridge, ON - Outdoor

248 Main Street, Cambridge, ON - Outdoor With Exterior

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248 MAIN STREET, Cambridge, Ontario, N1R 1X3

$699,000

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Basement Development: Finished
Basement Type: N/A, N/A
Exterior Finish: Vinyl siding
Floor Space: 1500 - 2000 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air, Not known, Not known
Heating Fuel: Electric, Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Amenities Nearby: Public Transit
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Frontage: 25.54 Metre
Lot Size: 25.5 M ; 25.54 x 17.59 x 21.9 x 24.76 m
Zoning: R4 Residential Low Density
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Courtesy of: HomeLife Power Realty Inc

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