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. (id:27476)
