For Sale

248 Main Street, Cambridge, Ontario N1R 1X3

$699,000

248 Main Street, Cambridge, Ontario N1R 1X3 is For Sale and has a listing price of 699,000. The property is located in the Cambridge . It's been on the website for 1 Day.

  • Triplex
    Property Type
  • 4
    Bedrooms
  • 3
    Bathrooms
  • Parking
  • MLS ID: X12741702
  • Office Name HomeLife Power Realty Inc
Property Description

Excellent triplex investment opportunity in the heart of East Galt. This solid brick triplex property offers strong income potential in a high demand rental area close to downtown, transit, parks, shopping, and schools. With some TLC, this property offers strong upside through renovations and improved rental performance. Currently tenanted; vacant possession on closing. Prominent corner location near Main Street and Lincoln Avenue adds long-term value and redevelopment appeal. 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, intended to create two distinct parcels. This listing relates only to the triplex building, unless otherwise agreed to by the parties. This structure provides investors with multiple strategies, including stable rental income, value add improvements, or future redevelopment potential. A rare opportunity to acquire a standalone multi-unit asset while clearly distinguishing between two separate real estate offerings. All severance details subject to municipal approval. Please refer to the drawing in supplements for separate lot measurements. The property is being offered as is where is.

Property Details
  • Property Type: All Houses
  • Listing Type: For Sale
  • Listing ID: X12741702
  • Price: $699,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: N/A
  • Ref ID: X12741702
  • Approx Sqft: 1500-2000
  • Dir / Cross St: Lincoln Ave
  • Status: Active
  • Tax Year: 2026
  • Approx Age: 100+
  • Property Type: Triplex
  • Property Sub Category: Triplex
Price History
List Date MLS ID List Price Status End Date Closed Price
01/30/2026 X12741702 $699,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Cambridge
  • $896,142 Average List Price
    based on 1 year
  • 328 New Listings
    based on 30 days
  • 40 Median Days on Market
    based on 1 year
  • List vs. Selling Price 117.85 % Up
  • Sold (12mo) 966
  • Rented (12mo) 325

  • 1 Month Change -37.5%
  • 3 Month Change -5.9%
  • 6 Month Change +78.2%
Walkscore
Additional Details
  • Heat Type Forced Air
  • Heat Source Electric
  • Style 2 1/2 Storey
  • Washroom Type1: 1
  • Garage Type Y
  • Parking Spaces: 5
  • Exterior Brick Front, Vinyl Siding
  • Kitchen 3
  • Parking Y
  • Washrooms Type 1 # Pcs: 4
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 3 # Pcs: 3
  • Washrooms Type 2: 1
  • Washrooms Type 3: 1
  • Taxes: $5,452
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 30/01/2026 14:37:27
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