153 ST ANDREWS Street, Cambridge, ON N1S1N2
153 ST ANDREWS Street, Cambridge, ON N1S1N2
153 ST ANDREWS Street, Cambridge, ON N1S1N2
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$699,000
Est. payment /mo
5 Beds
3 Baths
2,272 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2272

Square Footage 2,272 sqft

Price per Sqft $307

Subdivision 11 - St Gregory'S/Tait

MLS® Listing ID 40841201

Bedrooms 5

Property Sub-Type Freehold

Property Description

Price reduced. Turnkey triplex in prime West Galt, delivering an approximate 6.13% cap rate based on net operating income. 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 neighborhoods, 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 0.0

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 2

Sewer Municipal sewage system

Others

Ownership Freehold

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Paul Shantz
Paul Shantz

Agent License ID: 6008661

+1(519) 829-8656

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153 ST ANDREWS Street

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