153 ST ANDREWS STREET
Cambridge, Ontario, N1S1N2
For Sale | $749,000 | 5 beds | 3 baths
Key facts
- Property type: Multi-family
- Structure: Triplex
- Transaction: For Sale
- Price: $749,000
- Bedrooms: 5
- Bathrooms: 3
- Lot size: 45.1 x 117.4 FT
- Parking: 3
- Listing key: 29726054
Listing overview
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 class="container" id="details-container",600/month, a 3-bedroom unit rented at class="container" id="details-container",850/month, and a studio with den rented at class="container" id="details-container",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...
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