5-7 Lincoln Avenue, Cambridge, ON

$749,900
MLS#:X11965301
5 beds
3 baths
2500-3000 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] triplex located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $749,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
  • Generous living space spanning 2500-3000 sqft on a premium 66 x 108 ft lot
  • Features a ["partial basement", "crawl space"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: None
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

RemarksPublic: 5-7 Lincoln Avenue offers a fantastic opportunity to enjoy the best of both worldslive 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!

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Key Features

Bedrooms
5
Bathrooms
3
Kitchens
3
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 24, 2025
Sold price information is available to members only
Listed Date2/8/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeTriplex
ConstructionVinyl Siding, Brick
Lot Size66 × 108 Feet
CountyWaterloo
Annual Tax$5,652
Legal DescriptionLT 3 BLK D PL 488 CAMBRIDGE; CAMBRIDGE

Parking & Garage

Parking Spaces4.0
Garage Spaces3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["None"]

Features

Property Features

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Community Features

Location

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5-7 Lincoln Avenue, Cambridge, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 5-7 Lincoln Avenue, Cambridge, ON N1R 4W4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$599,920
Monthly Mortgage$3,486
Property Tax (Est.)$471
Utilities & Maint.$350
Total Monthly Cost$4,307

Strategic Fiscal Clarity

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