Exceptional value-add triplex in the heart of Cambridge. Zoned R5 and located within a designated Major Transit Station Area, 29 McNaughton Street presents a rare opportunity for experienced investors seeking strong upside potential in Waterloo Region.
This legal three-unit residential property features two vacant lower units ready for renovation and lease-up at market rents, plus one long-term upper tenant paying $775 plus utilities with separate meters in place. Ideal setup for repositioning and refinance strategy.
The 2.5 storey building offers five bedrooms, three bathrooms, and an unfinished basement with separate entrance providing additional income potential, subject to buyer due diligence. Cosmetic updates required. Significant opportunity to modernize interiors and increase overall rental income.
Situated on a 47.5 x 99 ft lot with paved parking for up to eight vehicles, a rare and highly desirable feature for multi-unit properties in central Cambridge. Strong rental demand driven by proximity to transit corridors, downtown amenities, schools, parks, and employment hubs.
Whether expanding a portfolio, executing a BRRRR strategy, or adding a high-potential multi-family asset in a transit-oriented growth area, this property offers long-term appreciation and income growth opportunity.
Property Type:
Residential Income
Property SubType:
Multi-3 Unit
Year built:
1950
(Age: 76)
Listing General Location:
21 - Glenview, Lincoln, Oak, 12 - Galt East
Bedrooms:
3
Bathrooms:
2.0
(Full:-/Half:-)
Lot Size:
4,792 sq. ft.445 m2
Lot Details:
47.5 x 99
Lot Depth:
99'30.2 m
Lot Frontage:
47'6"14.5 m
Kitchens:
0
County Or Parish:
Waterloo
Features:
Crops Included: No, Garage: No, New Construction: No
Construction:
Brick
Basement:
Full, Unfinished
Roof:
Asphalt Shing
Number of Storeys:
3
Number of Buildings:
0
Total Floor Area:
1,872 sq. ft.174 m2
Finished Area Above Grade:
1,872 sq. ft.174 m2
Fireplace:
false
Laundry Features:
In-Suite
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air, Natural Gas
Smoke Detector,Appliances In Each Unit
Refrigerator, Stove
None
false
No
No
Smoke Detector
HST Applicable To Sale Price:
No
Features:
Crops Included: No, Garage: No, New Construction: No
Lease to Own Equipment:
None
Leases:
No
Zoning:
R5
Total Acres:
0.11
Lot Site Features:
City Lot, Hospital, Park, Place of Worship, Playground Nearby, Public Transit, School Bus Route, Shopping Nearby
Features:
Crops Included: No, Garage: No, New Construction: No