$699,000
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248 Main Street, Cambridge, ON N1R1X3

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4 Beds
3 Baths
- Sq Ft

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. (id:58753)

Listing By: ROB PIOMBINI - HomeLife Power Realty Inc cncrea2 Realty.com
  • MLS® X12741702
  • Date Listed01/30/2026
  • Days on Realty 177 Days
  • Bedrooms 4
  • Bathrooms 3 baths
  • Lot Size -
  • Sewer Other
  • Property Type Triplex
  • Water Public

Interior Features

  • Cooling None
  • Heating Forced air, Not known, Electric, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Lincoln Ave. ** Directions: Lincoln Rd to Main st.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N1R1X3

Discover key demographics, population statistics, and environmental insights for the Cambridge, ON area.

Walkability in ON / N1R1X3

Source: Walk Score

75/100

Very Walkable

Walk Score ®

49/100

Some Transit

Transit Score ®

68/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

Transit Summary

9 nearby routes: 9 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 30/100, Transit Score: 27/100, Bike Score: 41/100.

Points of Interest near 248 MAIN STREET, Cambridge, ON N1R1X3

Frequently Asked Questions for 248 MAIN STREET

Source: Realty.com

248 MAIN STREET, Cambridge, ON N1R1X3 in Cambridge, ON N1R1X3 is a triplex listed at $699,000. Highlights include 4 bedrooms, 3 bathrooms. Realty.ca has 17 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 17 photos of 248 MAIN STREET.

The full address for this home is 248 MAIN STREET, Cambridge, ON N1R1X3.

248 MAIN STREET has been listed on Realty.com since Fri January 30, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 30/100, Transit Score: 27/100, Bike Score: 41/100.

Listing provided courtesy of: HomeLife Power Realty Inc
Listing agent: ROB PIOMBINI

This content last refreshed on 2026-07-26 08:29:18. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.