Unknown for 248 Main St, Cambridge Ontario N1R 1X3
2 days on Market

248 Main St, Cambridge, Ontario N1R 1X3

Townhouse
4
3
~1500-2000 sqft
$699,000
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Townhouse
4
3
~1500-2000 sqft

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Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$408/sqft

Monthly cost

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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

Style2 1/2 Storey
View-
Age of property100+
SqFt~1500-2000 SqFt
Lot Size-
Parking Spaces5
MLS ®NumberX12741702
Community NameLincoln Oaks
Data SourceTRREB
Listing byHomeLife Power Realty Inc

Features

Heating: Forced Air
Basement: Sep Entrance, Development Potential

Parking

Garage spaces -

Garage type -

Total parking spaces 5


Property listed by HomeLife Power Realty Inc, Brokerage
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Market Data - Lincoln Oaks

Geo Zone Map ThumbnailLincoln Oaks

Strong Seller's Market

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Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

Compared to

2025

17 days

2024

0 day

2023

0 day

New Listings

Past 30 days

1 listing

Compared to

2025

14 listings

2024

2 listings

2023

3 listings

Units sold

Past 30 days

0 unit

Compared to

2025

9 units

2024

0 unit

2023

0 unit

Median Sold Price

Past 30 days

$0

Compared to

2025

$644,900


Population and Demographics

Overview

Total population 4175
Average household income $95,317

Age (%)

0 to 19
20%
20 to 34
23%
35 to 49
19%
50 to 64
22%
65 and plus
17%

Household composition (%)

Single family
57%
Single person
37%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
84%
Portuguese
5%
Others
3%
Gujarati
2%
French
2%
Spanish
1%
Urdu
1%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget