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Maybelline Di Giovanni

hello@soldbymaybelline.com +1(888) 311-1172

Listed by Khaled Khalil • CENTURY 21 HERITAGE HOUSE LTD.

$ 699,000

Est. payment | -/mo

5 Beds

3 Baths

2,272 SqFt

Save

$ 699,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,272 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,272 sqft

Price per Sqft $307

MLS Listing ID 40841201

Bedrooms 5

Abv Grd Liv Area 2,272

Annual Tax Amount $4,395

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

Price reduced. Turnkey triplex in prime West Galt, delivering an approximate 6.13% cap rate based on net operating income. This fully rented, income-producing property features three self-contained units generating a combined $4,800/month in gross rental income, including a 2-bedroom unit rented at $1,600/month, a 3-bedroom unit rented at $1,850/month, and a studio with den rented at $1,350/month. The diversified unit mix offers broad tenant appeal, stable in-place income, and flexibility for long-term rental demand. Separately metered units help keep utility management efficient for the landlord, while the basement sprinkler system adds safety and potential insurance value. Recent updates over the past several years include newer windows, refreshed interiors, and updated bathrooms, helping reduce near-term capital expenditure risk and keeping the property competitive in the rental market. Located in sought-after West Galt, close to downtown Cambridge, schools, parks, trails, transit, shopping, restaurants, and convenient Highway 401 access, this property offers both strong current performance and long-term upside. Investors can benefit from proven tenancy, existing cash flow, and future upside through rent growth or value-add improvements over time. Ideal for buyers seeking a low-maintenance, income-producing asset in one of Cambridge's most desirable neighborhoods, this triplex offers a strong combination of location, stability, and investment fundamentals. A solid opportunity to secure a fully rented Cambridge triplex at the new reduced price.

Location

Province ON

County Waterloo

Area 11 - Galt West

Zoning R5

Direction Cedar street to St. Andrews

Rooms

Basement Separate Entrance, Walk-Out Access, Full, Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Forced Air

Cooling None

Fireplace No

Laundry None

Exterior

Roof Type Asphalt Shing

Lot Frontage 45.08

Lot Depth 117.42

Garage No

Building

Lot Description Irregular Lot, Public Transit, Schools, Shopping Nearby, Other

Faces Cedar street to St. Andrews

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 038320011

Ownership Freehold/None

Nearby Locations

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153 St Andrews Street Cambridge, ON N1S 1N2