270 Water Street N, Cambridge

Bedrooms: 5
Bathrooms: 3
Living area: 1874 square feet
Added: 3 months ago
Updated: 2 weeks ago
Last Checked: 6 days ago
Listed by: KELLER WILLIAMS INNOVATION REALTY
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Listing description
This Other at 270 Water Street N Cambridge, ON with the MLS Number 40733662 which includes 5 beds, 3 baths and approximately 1874 sq.ft. of living area listed on the Cambridge market by MATTHEW PITCHER - KELLER WILLIAMS INNOVATION REALTY at $709,000 3 months ago.

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! All units are occupied by AAA tenants with excellent credit scores!! Gross annual rental income approximately $60,500!!! (id:1945)

Property Details Key information about 270 Water Street N

Cooling: None
Heating:
- Forced air
- Natural gas
Structure Type: Triplex
Exterior Features: Aluminum siding

Interior Features Discover the interior design and amenities

Basement:
- Unfinished
- Partial

Exterior & Lot Features Learn about the exterior and lot specifics of 270 Water Street N

Water Source: Municipal water
Lot Size Units: acres
Parking Features: None
Lot Size Dimensions: 0.174

Utilities & Systems Review utilities and system installations

Sewer: Municipal sewage system

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Nearby Listings Stat Estimated price and comparable properties near 270 Water Street N

Active listings

Min Price

$649,999

Max Price

$1,050,000

Avg Price

$816,900

Days on Market

63 days

Sold listings

Min Sold Price

$769,900

Max Sold Price

$885,000

Avg Sold Price

$827,450

Days until Sold

43 days

Nearby Places Nearby schools and amenities around 270 Water Street N

Galt Collegiate Institute (0.4 km)
200 Water St N, Cambridge

St. Benedict Catholic Secondary School (2.5 km)
Cambridge

Southwood Secondary School (3 km)
30 Southwood Dr, Cambridge

Cambridge Mill (1 km)
130 Water St N, Cambridge

Cafe Moderno (1.2 km)
383 Elgin St N, Cambridge

Elixir Bistro (1.5 km)
34 Main St, Cambridge

Cafe 13 Main Street Grill (1.5 km)
13 Main St, Cambridge

Galt Arena Gardens (1.4 km)
98 Shade St, Cambridge

Cambridge Centre (2.4 km)
355 Hespeler Rd, Cambridge

Blackshop Restaurant (3.6 km)
595 Hespeler Rd, Cambridge

Boston Pizza (4.1 km)
14 Pinebush Rd, Cambridge

Price History

Listed

May 29, 2025

by KELLER WILLIAMS INNOVATION REALTY

For Sale

$709,000

270 Water Street N, Cambridge

Listing description This Other at 270 Water Street N Cambridge, ON with the MLS Number 40733662 which includes 5 beds, 3 baths and approximately 1874 sq.ft. of living area listed on the Cambridge market by MATTHEW PITCHER - KELLER WILLIAMS INNOVATION REALTY at $709,000 3 months ago.

Nearby Listings Stat Estimated price and comparable properties near 270 Water Street N

Nearby Places Nearby schools and amenities around 270 Water Street N

Price History

Similar Other For Sale

Listing description
This Other at 270 Water Street N Cambridge, ON with the MLS Number 40733662 which includes 5 beds, 3 baths and approximately 1874 sq.ft. of living area listed on the Cambridge market by MATTHEW PITCHER - KELLER WILLIAMS INNOVATION REALTY at $709,000 3 months ago.