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. 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. The property is being offered as is where is. (id:13139)
Property Details
| MLS® Number | X12741702 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit, Place Of Worship |
| ParkingSpaceTotal | 5 |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 4 |
| BedroomsTotal | 4 |
| Age | 100+ Years |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance |
| BasementType | N/a, N/a (finished) |
| CoolingType | None |
| ExteriorFinish | Brick Facing, Vinyl Siding |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Forced Air, Not Known |
| StoriesTotal | 3 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Place Of Worship |
| Sewer | Sanitary Sewer |
| SizeFrontage | 25.54 M |
| SizeIrregular | 25.5 M ; 25.54 X 17.59 X 21.9 X 24.76 M |
| SizeTotalText | 25.5 M ; 25.54 X 17.59 X 21.9 X 24.76 M |
| ZoningDescription | R4 Residential Low Density |
https://www.realtor.ca/real-estate/29305258/248-main-street-cambridge
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January 30 2026 05:21:05
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Homelife Power Realty Inc