248 Main Street Cambridge, Ontario N1R 1X3
$699,000
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. The property is being offered as is where is. 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. (id:63008)
Property Details
| MLS® Number | 40801227 |
| Property Type | Multi-family |
| Neigbourhood | East Galt |
| AmenitiesNearBy | Park, Place Of Worship, Public Transit, Schools, Shopping |
| ParkingSpaceTotal | 6 |
Building
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1918 |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2146 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| LandAmenities | Park, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 51 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R4 Low Density Residential |
https://www.realtor.ca/real-estate/29303559/248-main-street-cambridge
Dalibor Radulovic
Salesperson
385 Frederick Street, Unit 32
Kitchener, Ontario N2H 2P2
Rob Piombini
Broker Manager
385 Frederick Street, Unit 32
Kitchener, Ontario N2H 2P2
Tunde Abiodun
Broker
385 Frederick Street, Unit 32
Kitchener, Ontario N2H 2P2
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January 30 2026 04:49:08
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