153 ST ANDREWS Street

About this home.

PRICE REDUCED - Turnkey triplex in prime West Galt, fully rented and cash-flowing from day one. This well-maintained multi-residential property features three self-contained units generating a combined $4,800/month: a 2-bedroom rented at $1,600/month, a 3-bedroom rented at $1,850/month, and a studio with den rented at $1,350/month. The diversified unit mix offers broad tenant appeal and stable in-place income. Separately metered units help keep utility management efficient for the landlord, while the basement sprinkler system adds safety and potential insurance value. Ongoing updates over recent years include newer windows, refreshed interiors, and updated bathrooms, reducing near-term capital expenditure risk and helping keep the property competitive in the rental market. Located in sought-after West Galt, close to downtown Cambridge, schools, parks, transit, and convenient Highway 401 access. This is a stabilized income property with strong existing rents, proven tenancy, and upside potential through future rent growth or value-add improvements. Ideal for investors seeking a low-maintenance, cash-flowing asset in one of Cambridge's most desirable neighborhoods. Priced to move - don't miss this opportunity. (id:59491)

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How this listing prices against St Gregory's/Tait.

St Gregory's/Tait posted 5 sales and 20 active listings, which gives this part of Cambridge a softer tone than the city average. The average sale price was $554,000, well below the city average, and homes took 26.4 days to sell while achieving 92.37% of list, a sign that buyers are pushing harder on price here. Freeholds moved much more cleanly than condos, which were weighed down by one long-running sale. This is an area where the lower price point is drawing activity, but sellers are not getting city-average pricing power.

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