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Home ON Kitchener - Cambridge - Waterloo Cambridge Riverview
270 WATER Street N
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270 WATER Street N $709,000
$709,000
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270 WATER Street N
Cambridge, Ontario N1R3C3

MLS® Number: 40733662
5
Bedrooms
3
Bathrooms
1874
Square Feet

Listing Description

This prime asset ensures a turnkey income stream through modern finishes, multiple hydro meters, and shared coin-operated laundry, all contributing to tenant satisfaction and consistent revenue. Fully renovated (2017) commercial-zoned 3 unit home offers immediate, robust holding income from 3 self-contained units, all currently tenanted at attractive market rents. It stands as a low-maintenance asset, featuring a durable metal roof (2015) and aluminum siding, which significantly minimizes future capital expenditures. Its prime location makes it a true tenant magnet, boasting a high walk score that gives tenants unparalleled access to essential amenities like Tim Hortons, FreshCo, Starbucks, and Subway – a significant draw for those without vehicles, with ample parking for 4 vehicles adding further appeal. Crucially, situated in a thriving, high-demand area, this property holds explosive redevelopment potential, making it a prime candidate for lucrative future multi-residential or mixed-use projects. This is more than a 3 unit home; it's a launchpad for substantial long-term value and a rare opportunity to capitalize on the significant redevelopment wave in Galt. Don’t miss your chance to secure a premier asset in this dynamic growth zone! (69120275)

Location Description

CORONATION BLVD./DUNDAS ST. N.

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2
Square Footage
1874 sqft
Subdivision Name
30 - Elgin Park/Coronation
Title
Freehold
Land Size
0.174 ac|under 1/2 acre
Built in
1890
Annual Property Taxes
$4,328
Parking Type
None
Time on REALTOR.ca
29 days

Building

Bathrooms
Total
3
Interior Features
Basement Type
Partial (Unfinished)
Building Features
Features
Conservation/green belt, Crushed stone driveway, Industrial mall/subdivision, Shared Driveway, Laundry- Coin operated
Foundation Type
Stone
Rental Equipment
Water Heater
Structures
Porch
Total Units
3
Heating & Cooling
Cooling
None
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Aluminum siding
Neighbourhood Features
Community Features
Industrial Park, Community Centre, School Bus
Amenities Nearby
Airport, Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Parking
Parking Type
None
Total Parking Spaces
4

Measurements

Square Footage
1874 sqft
Above Grade Finished
1874 sqft
Source: Other

Land

Lot Features
Frontage
57 ft
Land Depth
129 ft
Other Property Information
Access
Road access, Highway access
Zoning Description
C2
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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