4 Beds
3 Baths
1,244 SqFt
4 Beds
3 Baths
1,244 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,244 sqft
Price per Sqft $482
MLS Listing ID 40809507
Bedrooms 4
Abv Grd Liv Area 1,244
Year Built 1900
Annual Tax Amount $3,564
Property Sub-Type Multi-3 Unit
Source Cornerstone
Property Description
Opportunity to own a well-located triplex in Cambridge with strong income potential and several major updates already completed. This property features three self-contained residential units, with two of the three units currently rented, offering immediate income with additional upside for investors looking to lease the remaining unit.
Significant capital improvements have already been completed, including a new roof in 2023, a new furnace installed in 2025, and a new water heater also installed in 2025, providing peace of mind for years to come. The units are currently rented with utilities included, making them attractive and easy for tenants while maintaining steady occupancy.
This property offers an excellent opportunity for investors seeking a value-add asset with the ability to increase income as the third unit is leased. Rent is Unit 1 - Month to month - $1209/Unit 2 - Vacant - $1800/Unit 3 - Lease - $1200. Conveniently located close to downtown Cambridge, transit routes, shopping, and local amenities, the property benefits from a strong rental demand area.
Whether you are an experienced investor or looking to add a multi-unit property to your portfolio, 11 Simcoe St presents a solid opportunity with both current income and future upside.
Location
Province ON
County Waterloo
Area 12 - Galt East
Zoning (F)C1RM1
Direction Water / Ainslie
Rooms
Basement Full, Unfinished
Kitchen 0
Interior
Interior Features Other
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Refrigerator, Stove
Laundry None
Exterior
Roof Type Asphalt Shing
Lot Frontage 77.0
Lot Depth 66.0
Garage No
Building
Lot Description Airport, Library, Park, Place of Worship, Public Transit, Schools, Trails
Faces Water / Ainslie
Story 2
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 038140114
Ownership Freehold/None
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