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!!!
For sale
C$709,000
270 Water St N, Cambridge, ON N1R 3C3
5beds
3baths
1,874sqft
Multi-3 Unit, Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
C$378/sqft
C$-- HOA
What's special
Modern finishesMultiple hydro metersShared coin-operated laundryDurable metal roof
- 69 days
- on Zillow |
- 14 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 02:38pm
Listed by:
Matthew Pitcher, Salesperson,
KELLER WILLIAMS INNOVATION REALTY,
Andre Chin, Broker,
KELLER WILLIAMS INNOVATION REALTY
Source: ITSO,MLS®#: 40733662Originating MLS®#: Waterloo Region Association of REALTORS® (WRAR)
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Refrigerator, Stove
- Laundry: Coin Operated, Common Area
Features
- Accessory Apartment, Separate Heating Controls, Separate Hydro Meters
- Basement: Separate Entrance,Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,874
- Total interior livable area: 1,874 sqft
- Finished area above ground: 1,874
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Gravel, Mutual/Shared, No Driveway Parking
- Uncovered spaces: 4
Features
- Patio & porch: Porch
- Exterior features: Separate Hydro Meters
- Waterfront features: Access to Water, Lake/Pond
- Frontage type: West
- Frontage length: 57.32
Lot
- Size: 7,579.44 Square Feet
- Dimensions: 57.32 x 129.07
- Features: Rectangular, Airport, Ample Parking, Business Centre, Dog Park, City Lot, Near Golf Course, Greenbelt, Highway Access, Hospital, Industrial Mall, Industrial Park, Library, Major Anchor, Open Spaces, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, Regional Mall, School Bus Route, Schools, Shopping Nearby
Details
- Additional structures: Storage
- Parcel number: 037740099
- Zoning: C2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-3 Unit, Multi Family
Materials
- Aluminum Siding
- Foundation: Stone
- Roof: Metal
Condition
- 100+ Years
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Location
- Region: Cambridge
Financial & listing details
- Price per square foot: C$378/sqft
- Annual tax amount: C$4,328
- Date on market: 5/29/2025
- Inclusions: Other, One Coin Operated Washer And Dryer, 3 Fridges, 3 Stoves
- Exclusions: Tenant Belongings
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