Log in Sign up
Back to search Home Countries Unknown 248 Main Street
AUD699,000
248 Main Street
4 beds 3 baths Tenant

About this home

Excellent triplex investment opportunity in the heart of East Galt. This solid brick property offers strong income potential in a high-demand rental area close to downtown, transit, parks, shopping, and schools. The property requires updates and improvements to maximize rental potential, and the pricing reflects its current condition, presenting a compelling value-add opportunity for investors looking to enhance performance and build long-term equity. The building is being sold AS IS, WHERE IS. The basement unit is partially finished, not currently rented, and will need to be completed prior to occupancy. There has been water penetration in the basement area that will require remediation, allowing buyers to address the issue and incorporate completion of the space into their renovation plans. Two of the three units are currently tenanted; vacant possession of the tenanted units will be provided on closing. The prominent corner location near Main Street and Lincoln Avenue enhances long-term value and future redevelopment potential. The land containing the detached garage is subject to a severance and is being offered separately on MLS as a land sale. A severance application is currently in progress to create two distinct parcels. This listing relates only to the triplex building and does not include the portion of land proposed to be severed, which is being offered separately at its own list price. All severance details are subject to municipal approval. Please refer to the drawing in supplements for separate lot measurements. This is a rare opportunity to acquire a standalone multi-unit asset with clear upside through renovation, stabilization, or future redevelopment, while distinctly separating two independent real estate offerings.

Property facts

Property type
Tenant
Bedrooms
4
Bathrooms
3
Days on market
105 days

Location

Approximate location · exact address shared on inquiry

Similar homes nearby

Morecambe LA3
For Sale
GBP139,950
Morecambe LA3
3 bd 1 ba Semi-detached house
Listed by Hayley Baxter - Morecambe
Bury Water Lane CB11
For Sale
GBP700,000
Bury Water Lane CB11
5 bd 4 ba Semi-detached house
Listed by Intercounty - Saffron Walden
Moss Cottage Kirk Lane Stirling FK9
For Sale
GBP569,000
Moss Cottage Kirk Lane Stirling FK9
5 bd 3 ba Detached bungalow
Listed by Clyde Property - Stirling
Newark NG22
For Sale
GBP550,000
Newark NG22
4 bd 2 ba Detached house
Listed by Newton Fallowell - Newark Sales
Weare Giffard
For Sale
EUR495,000
Weare Giffard
3 bd 2 ba Detached house
Listed by Stags - Bideford
Woolsery
For Sale
EUR769,950
Woolsery
4 bd 2 ba Detached house
Listed by Stags - Bideford
St. Margaret's At Cliffe
For Sale
EUR425,000
St. Margaret's At Cliffe
4 bd 1 ba Semi-detached house
Listed by Colebrook Sturrock - Walmer
Queen's Gate Terrace SW7
For Sale
EUR2,950,000
Queen's Gate Terrace SW7
3 bd 2 ba Apartment
Listed by AbbeySpring - London
AUD699,000
4 bd · 3 ba
Contact agent
Listed by agent
Contact this agent
Log in Sign up