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. (id:4069)
Address
248 MAIN Street
List Price
$699,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
2 Level
Transaction Type
Sale
Area
Ontario
Sub-Area
Cambridge
Bedrooms
2
Bathrooms
3
Floor Area
2,146 Sq. Ft.
Year Built
1918
MLS® Number
40801221
Listing Brokerage
HomeLife Power Realty Inc.
Basement Area
Full (Finished)
Postal Code
N1R1X3
Zoning
R4 Low Density Residential
Site Influences
Park, Place of Worship, Public Transit, Schools, Shopping
