153 ST ANDREWS Street, Cambridge, Ontario, N1S1N2
MLS: 40828412 | Triplex (Freehold)
$749,000
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:64974)
Quick Facts
- Property Type: Triplex (Freehold)
- Bedrooms: 5
- Bathrooms: 3
- Living Area: 2,272 sq ft (211.1 m²)
- Above Grade: 2,272 sq ft (211.1 m²)
- Ownership: Freehold
- Attached: Yes
- Parking: 3.0 spaces (Open)
- Frontage: 45 ft (13.7 m)
Costs
- Annual Taxes: $4,395.77
Listing Provided by: CENTURY 21 HERITAGE HOUSE LTD.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air
- Cooling: None
- Basement: Finished, Full
Exterior & Construction
- Exterior: Brick, Vinyl siding
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 45 ft (13.7 m)
- Zoning: R5
Community & Neighbourhood
- Subdivision: 11 - St Gregory's/Tait
Listing Information
Listing History
MLS listing activity for 153 ST ANDREWS Street, Cambridge, Ontario, N1S1N2 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Mortgage & Cost Calculators
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153 ST ANDREWS Street, Cambridge, Ontario, N1S1N2