225,229,231 WATER Street N

About this home.

Welcome to an exceptional Water Street assembly featuring three side-by-side properties on a combined lot of over half an acre. This investment opportunity includes 225, 229 & 231 Water Street, offering a legal 6-plex, a detached 2-storey home, and a legal duplex with a rear warehouse. Perfectly located across from Galt Collegiate Institute (GCI) and just steps to Downtown Galt, the Grand River, schools, shopping, and transit, this rare package provides multiple streams of rental income, excellent development potential, and additional space for storage or operations. Annual property taxes are as follows: 225 Water St – $6,641.11, 229 Water St – $3,446.52, and 231 Water St – $4,205.92. All three properties are being sold together or could be sold separately, offering investors and developers a one-of-a-kind opportunity to secure a substantial footprint in Cambridge’s rapidly growing core. (id:59491)

The full record.

How this listing prices against Elgin Park/Coronation.

Elgin Park/Coronation recorded 10 sales and 20 active listings, giving it one of the stronger turnover rates in Cambridge. The average price was $650,900, a bit below the city average, while homes sold in 25.2 days at 97.74 percent of list. The neighbourhood is more mixed than most, with freeholds trading in the mid-$600,000s and condos selling at unexpectedly higher prices, likely reflecting newer or larger product.

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