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40 JOHN Street, Cambridge — listed at $899,999. Earn buyer cashback at closing. No catches, just more money in your pocket.
Legal fourplex in prime West Galt location! 40 John Street, Cambridge delivers almost $70,000 in annual income from a spacious 4-unit building boasting over 4,000 sq ft of finished living space. The layout offers something for every tenant: two 2-bedroom units (one on each side), a 1-bedroom unit in the middle, and a large 3-bedroom unit above — well-suited to multi-generational living or a buy and hold. Set on a quiet, family-friendly street just steps from the Grand River, the Gaslight District, and vibrant Downtown Galt, the property pairs residential charm with real rental appeal. Standout features include 6+ parking spaces, private backyard access for one unit, roof patio access for two units, and high ceilings throughout, backed by recent upgrades — a brand new boiler (2025), partial new roof (2016), 3 of 4 units recently updated, new front deck, new eaves, replaced windows, and an updated lobby/front entrance. (id:60164)
Is 40 JOHN Street a good fit for a growing family?+
With 8 bedrooms and 4 bathrooms (4361 sq ft), there's room for kids plus a guest room or home office. The 2.5-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 6 spaces — Open.
How is the space laid out across floors?+
This is a 2.5-storey multi-family. The 8 bedrooms and 4 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
This home was built in 1900 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,318.96, heating is baseboard heaters, radiant heat, natural gas, other. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Unfinished, Partial. A finished basement adds meaningful living space beyond the listed square footage.
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