42 Market St, Cambridge, ON

Name: 42 Market St, For Sale in Cambridge - Zoocasa
Brand: RE/MAX REAL ESTATE CENTRE INC. BROKERAGE-3
SKU: 40810206
Price: 799900 CAD

House

For Sale

Listed price in listed location currency (CAD).

$799,900

844

MLS® 40810206

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 3520 sqft

Garage Yes

Taxes $9,129

Days Active 42

Lot Size

Approx. Age 1967

Avg. Price Per Sqft $227

MLS® Number 40810206

Property Address: 42 Market St, Cambridge, ON, N1R3T2

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number40810206

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1967

BasementNone, Unfinished

DrivewayAttached Garage, Asphalt

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 6, 2026List Date

$799,900List Price

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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