29 Mcnaughton Street Cambridge, Ontario N1R 1Z2
$599,000
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:49187)
Property Details
| MLS® Number | 40804777 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Playground, Public Transit, Shopping |
| Community Features | School Bus |
| Parking Space Total | 8 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 3 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1950 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 1872 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Playground, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 99 Ft |
| Size Frontage | 48 Ft |
| Size Irregular | 0.11 |
| Size Total | 0.11 Ac|under 1/2 Acre |
| Size Total Text | 0.11 Ac|under 1/2 Acre |
| Zoning Description | R5 |
https://www.realtor.ca/real-estate/29362258/29-mcnaughton-street-cambridge
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February 14 2026 06:30:43
REALTORS® Association of Hamilton-Burlington
RE/MAX Twin City Realty Inc.