29
See all 29 photos
$749,000
Est. payment /mo
5 Beds
3 Baths
2,000 SqFt
Active
153 ST ANDREWS STREET Cambridge, ON N1S1N2
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
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.