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$699,000
Available - For Sale
Listing ID: X12741702
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.
Price $699,000
Taxes: $5,452
Assessment Year: 2026
Occupancy by: Tenant
Address: 248 Main Street , Cambridge, N1R 1X3, Waterloo
Directions/Cross Streets: Lincoln Ave
Rooms: 4
Bedrooms: 4
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Separate Ent
Development
No. of Pieces Level
Washroom 1:  4
Washroom 2:  4
Washroom 3:  3
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4
Washroom 7:  4
Washroom 8:  3
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4
Washroom 12:  4
Washroom 13:  3
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4
Washroom 17:  4
Washroom 18:  3
Washroom 19:  0
Washroom 20:  0
Washroom 21:  4
Washroom 22:  4
Washroom 23:  3
Washroom 24:  0
Washroom 25:  0
Washroom 26:  4
Washroom 27:  4
Washroom 28:  3
Washroom 29:  0
Washroom 30:  0
Washroom 31:  4
Washroom 32:  4
Washroom 33:  3
Washroom 34:  0
Washroom 35:  0
Washroom 36:  4
Washroom 37:  4
Washroom 38:  3
Washroom 39:  0
Washroom 40:  0
Washroom 41:  4
Washroom 42:  4
Washroom 43:  3
Washroom 44:  0
Washroom 45:  0
Property Type: Triplex
Style: 2 1/2 Storey
Exterior: Brick Front
Vinyl Siding
Garage Type: None
(Parking/)Drive: Private Do
Drive Parking Spaces: 5
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
Property Features: Arts Centre
Public Transit
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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HomeLife Power Realty Inc

248 Main Street , Cambridge, N1R 1X3, Waterloo

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Triplex
Area: Waterloo
Municipality: Cambridge
Neighbourhood: Dufferin Grove
Style: 2 1/2 Storey
Lot Size: x 0.00(Metres)
Approximate Age: 100+
Tax: $5,452
Maintenance Fee: $0
Beds: 4
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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