153 ST ANDREWS Street
Cambridge, Ontario
MLS® 40841201
$699,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40841201
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- —
1 / 29Listing 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.
Property summary
- MLS® number
- 40841201
- Property type
- Multi-family
- Building type
- Triplex
- Square footage
- 2,272 sq ft
- Title
- Freehold
- Annual property taxes
- $4,395.77
- Parking
- 3 spaces · Open
- Days on market
- 91 days
Features & details
- Heating
- Forced air
- Cooling
- None
- Basement
- Finished, Full
- Exterior features
- Brick, Vinyl siding
What would this home cost you?
Based on the $699,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 HERITAGE HOUSE LTD., KITCHENER.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.