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About the Listing 350800 -
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!!!
Listing Highlights for 270 Water St N
Interior Details
- Bedrooms: 5
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partial Basement,Unfinished
- Other: Accessory Apartment,Separate Heating Controls,Separate Hydro Meter
- Water:
Exterior Details
- Garage Capacity: 2 car
- Roof: Metal
- Others:
- Sewer: Sewer
- Parking Features: Private Double
Financial Details
- Tax Amount: $4,328
- Taxes w/Assessments: N/A
- Tax/Property ID: 037740099
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
270 Water St N Cambridge, ON N1R 3C3
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