153 ST ANDREWS Street
Cambridge, Ontario
5 bed • 3 bath • Multi-family
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.
Price History
Schools
Elementary
- St Gregory Catholic Elementary School0.3 km
Catholic · Waterloo CDSB · 145 students
Grade 3 reading: 53% met the provincial standard · Grade 6 math: 38% met the provincial standard
- St Andrew's Public School0.3 km
Public · Waterloo Region DSB · 335 students
- Highland Public School0.7 km
Public · Waterloo Region DSB · 425 students
Grade 3 reading: 69% met the provincial standard · Grade 6 math: 46% met the provincial standard
Secondary
- Southwood Secondary School1 km
Public · Waterloo Region DSB · 700 students
Grade 10 literacy: 74% met the provincial standard
- Glenview Park Secondary School1.5 km
Public · Waterloo Region DSB · 1055 students
Grade 10 literacy: 85% met the provincial standard
- Galt Collegiate and Vocational Institute2 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N1S
- Population
- 20,171
- Private dwellings
- 8,187
- Median age
- 42.8
- Average household size
- 2.5
- Median household income
- $95,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,253
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,253 recorded sales of multi-family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$139,800
Estimated Monthly Payment
$3,434
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,434/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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