153 ST ANDREWS Street

About this home.

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. (id:59491)

The full record.

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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