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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 749,000

Est. payment | -/mo

5 Beds

3 Baths

2,000 SqFt

Save

$ 749,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Square Footage 2,000 sqft

Price per Sqft $374

MLS® Listing ID X13105366

Bedrooms 5

Property Description

Price reduced. Turnkey triplex in prime West Galt, now offered at $749,000 and delivering an approximate 5.70% cap rate. 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 neighbourhoods, 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. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 1.75 m X 1.52 m Bathroom

Extra Room 2 Second level 4.19 m X 2.16 m Other

Extra Room 3 Second level 4.47 m X 2.36 m Kitchen

Extra Room 4 Second level 5.69 m X 2.97 m Bedroom

Extra Room 5 Second level 3.78 m X 2.92 m Primary Bedroom

Extra Room 6 Third level 4.6 m X 7.52 m Loft

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Listed by Century 21 Heritage House Ltd.

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+1(647) 493-3579

info@tonyledi.com

CAN

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153 ST ANDREWS STREET Cambridge, ON N1S1N2