Rare downtown Cambridge four-plex investment offering stable income and exceptional tenant amenities. This fully occupied property generates over $77,000 in gross annual income with an approximate 5.76% cap rate, making it an attractive addition to an investor's portfolio. The building consists of four well-sized 2-bedroom, 1-bath units, each with its own private single-car garage, a feature rarely found in comparable multi-unit properties and highly valued by tenants. Each unit enjoys equal access to a private rear patio, while the property provides common laundry facilities and additional on-site parking. The property benefits from steady tenants, contributing to reliable and consistent rental income. Another key highlight is the C1RM1 zoning, which permits a range of commercial and mixed-use uses in addition to residential, offering flexibility for investors seeking future repositioning opportunities, redevelopment potential, or owner-occupancy with a business component, subject to municipal approvals. Situated steps from public transit and minutes from Downtown Galt, the property is close to restaurants, shops, the Gaslight District, the University of Waterloo School of Architecture, the Cambridge Farmers' Market, Mill Race Park, and the Grand River, all of which help support strong tenant demand. A compelling opportunity for investors seeking stable cash flow today with long-term upside through flexible zoning and a downtown location.
Details
X12854510
Attached/7
$819,900
Tenant
None
4 + 4
3-Storey
8
4
3500-5000 Sqft
N/A N/A
51-99
Fourplex
Sale
Additional details
Baseboard / Electric
C1RM1
$9128.83
2025
LT 13 PL 475 CAMBRIDGE; PT LT 12 PL 475 CAMBRIDGE AS IN 354965; CAMBRIDGE
N/A
N
None
None
Patio
Public Transit,School,Place Of Worship
Municipal
Schools Nearby
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FAQ
What is the total square footage of the X12854510 - 42 Market Street, Cambridge, ON N1R 3T2?
The total square footage of this property is 3500-5000 SqFt.
What schools near to X12854510 - 42 Market Street, Cambridge, ON N1R 3T2?