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5-7 LINCOLN Avenue, Cambridge, Ontario

$799,900

5 Beds
3 Baths
2,739 Square Feet

5-7 Lincoln Avenue offers a fantastic opportunity to enjoy the best of both worlds—live in one unit while generating rental income from the additional units. It's the perfect opportunity for those looking to balance comfortable living with smart financial growth! This property offers character-rich living across 3 units. Step into Unit 5A- this one bedroom unit featuring high ceilings, abundant natural light, charming wood trim, and decorative fireplace provides the perfect place to relax.This unit has a private front patio & parking right outside the front door. Enjoy the convenient main floor layout of 2 bedroom Unit 5B with a bright sunroom & direct access to the yard. Complete kitchen with dishwasher, farmhouse sink & plenty of hardwood counter space. Unit 5B offers a comfortable layout for a professional/small family. Located on the 2nd floor, Unit 7 boasts 2 bedrooms flooded with natural light. The primary features a sunroom, providing a peaceful personal space. The galley kitchen provides tall cabinets for extra storage & dishwasher, as well as a sunlit living room to entertain friends and family. Each unit is equipped with separate hydro meters and updated electrical panels (water & heat included in rents), 1 parking spot per unit, and a convenient storage locker. The basement houses the shared coin-op laundry & secure area for utilities including updated electrical panel (separate meter) for common area electrical. All tenants have access, and use of the well maintained backyard as well as a private patio area for each unit. Plumbing was updated in 2010 removing galvanized steel water pipes and replacing with copper/pvc. Major electrical upgrades and inspections in 2011. Nestled on a character street lined by classic Galt globe lamps, 5-7 Lincoln Avenue offers a double lot in an established neighbourhood close to local shops, restaurants, Downtown Galt and more. Don't miss out on the opportunities Lincoln Ave has for you! (id:23309)

Listing ID: 40650067
Property Type: Multi-family

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Details

Amenities Nearby: Public Transit, Schools, Shopping
Community Features: School Bus
Features: Laundry- Coin operated
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale
Zoning Description: R4

Building

BasementType: Partial (Unfinished)
Basement Development: Unfinished
Cooling: None
Exterior Finish: Brick, Vinyl siding
Fireplace Present: False
Foundation: Stone
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2739 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Amenities: Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 66 ft

Listing provided by ROYAL LEPAGE CROWN REALTY SERVICES INC. - BROKERAGE 2
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 5-7 LINCOLN Avenue in Cambridge Ontario. It was last modified on November 7th, 2024. Contact the Team Vadala to schedule a viewing or to discover other Cambridge real estate for sale.

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