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Home ON Kitchener - Cambridge - Waterloo Cambridge Lincoln Oaks
248 MAIN Street
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248 MAIN Street $699,000
5 days ago
$699,000
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248 MAIN Street
Cambridge, Ontario N1R1X3

MLS® Number: 40801221
2
Bedrooms
3
Bathrooms
2146
Square Feet

Listing Description

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 property is being offered as is where is. 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. (70104781)

Location Description

Lincoln Ave to Main St.

Property Summary

Property Type
Single Family
Building Type
House
Storeys
2
Square Footage
2146 sqft
Subdivision Name
24 - Alison Park/Eastview North
Title
Freehold
Land Size
under 1/2 acre
Built in
1918
Annual Property Taxes
$5,452
Parking Type
Detached Garage
Time on REALTOR.ca
5 days

Building

Bedrooms
Above Grade
2
Bathrooms
Total
3
Interior Features
Appliances Included
Water meter
Fixtures Included
Ceiling fans
Basement Type
Full (Finished)
Building Features
Foundation Type
Poured Concrete
Style
Detached
Architecture Style
2 Level
Fire Protection
Smoke Detectors
Heating & Cooling
Cooling
None
Heating Type
(Electric), Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Amenities Nearby
Park, Place of Worship, Public Transit, Schools, Shopping
Parking
Parking Type
Detached Garage
Total Parking Spaces
6

Measurements

Square Footage
2146 sqft
Above Grade Finished
2146 sqft
Source: Other

Rooms

MetricImperial
Main level
Living room/Dining room
Kitchen
Foyer
Bedroom
4pc Bathroom
Second level
Living room
Kitchen
Bedroom
4pc Bathroom
Third level
Storage
Attic
3pc Bathroom

Land

Lot Features
Frontage
51 ft
Other Property Information
Access
Road access, Highway Nearby
Zoning Description
R4 Low Density Residential
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