42 MARKET Street Cambridge
  • 42 MARKET Street Cambridge
  • 42 MARKET Street Cambridge
  • 42 MARKET Street Cambridge
  • 42 MARKET Street Cambridge

42 MARKET Street, Cambridge, Ontario

$799,900

  • 8 Beds
  • 4 Baths
  • 3,520 Square Feet

Rare downtown Cambridge four-plex investment offering stable income and exceptional tenant amenities. This fully occupied property generates over $77,000 in gross annual income with an approximate 5.76% cap rate, making it an attractive addition to an investor’s portfolio. The building consists of four well-sized 2-bedroom, 1-bath units, each with its own private single-car garage, a feature rarely found in comparable multi-unit properties and highly valued by tenants. Each unit enjoys equal access to a private rear patio, while the property provides common laundry facilities and additional on-site parking. The property benefits from steady tenants, contributing to reliable and consistent rental income. Another key highlight is the C1RM1 zoning, which permits a range of commercial and mixed-use uses in addition to residential, offering flexibility for investors seeking future repositioning opportunities, redevelopment potential, or owner-occupancy with a business component, subject to municipal approvals. Situated steps from public transit and minutes from Downtown Galt, the property is close to restaurants, shops, the Gaslight District, the University of Waterloo School of Architecture, the Cambridge Farmers’ Market, Mill Race Park, and the Grand River, all of which help support strong tenant demand. A compelling opportunity for investors seeking stable cash flow today with long-term upside through flexible zoning and a downtown location. (id:23309)

  • Listing ID: 40810206
  • Property Type: Multi-family
  • Year Built: 1967

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Details

  • Amenities Nearby: Hospital, Place of Worship, Playground, Public Transit, Schools, Shopping
  • Equipment: Water Heater
  • Features: Paved driveway, Laundry- Coin operated
  • Ownership: Freehold
  • Parking Spaces: 4
  • Rental Equipment: Water Heater
  • Transaction: For sale
  • Zoning Description: C1RM1

Building

  • BasementType: None
  • Constructed Date: 1967
  • Cooling: None
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Block
  • Bathrooms (Total): 4
  • Heating: Baseboard heaters
  • Heating Fuel: Electric
  • Size Interior: 3520 sqft
  • Stories Total: 3
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Amenities: Hospital, Place of Worship, Playground, Public Transit, Schools, Shopping
  • Sewer: Municipal sewage system
  • Size Frontage: 84 ft

This property for sale is located at 42 MARKET Street in Cambridge. It was last modified on April 7th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Cambridge homes for sale.

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