CAONCambridgeEast Galt248 Main St
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248 Main St, Cambridge, ON

Real Estate

For Sale

Listed price in listed location currency (CAD).
$699,000

435

MLS® X12741702

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential
Size -
Garage No
Taxes $5,452
Days Active 50
Lot Size 
Approx. Age 
MLS® Number X12741702

Property Address: 248 Main St, Cambridge, ON, N1R1X3

Average square foot calculated using Size range provided by listing agent.

Description

Excellent triplex investment opportunity in the heart of East Galt. This solid brick property offers strong income potential in a high-demand rental area close to downtown, transit, parks, shopping, and schools. The property requires updates and improvements to maximize rental potential, and the pricing reflects its current condition, presenting a compelling value-add opportunity for investors looking to enhance performance and build long-term equity. The building is being sold AS IS, WHERE IS. The basement unit is partially finished, not currently rented, and will need to be completed prior to occupancy. There has been water penetration in the basement area that will require remediation, allowing buyers to address the issue and incorporate completion of the space into their renovation plans. Two of the three units are currently tenanted; vacant possession of the tenanted units will be provided on closing. The prominent corner location near Main Street and Lincoln Avenue enhances long-term value and future redevelopment potential. The land containing the detached garage is subject to a severance and is being offered separately on MLS as a land sale. A severance application is currently in progress to create two distinct parcels. This listing relates only to the triplex building and does not include the portion of land proposed to be severed, which is being offered separately at its own list price. All severance details are subject to municipal approval. Please refer to the drawing in supplements for separate lot measurements. This is a rare opportunity to acquire a standalone multi-unit asset with clear upside through renovation, stabilization, or future redevelopment, while distinctly separating two independent real estate offerings.
MLS® NumberX12741702
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementSeparate Entrance, Development Potential, Finished
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 30, 2026List Date
$699,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jan 29, 2026List Date
$699,000List Price
  • Commute

Commute

Starting Address
Destination Address
248 Main St, Cambridge, ON

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