230 Water Street North, Cambridge - Business for Sale
230 Water Street North, Cambridge, Ontario, N1R3C1
This business in Cambridge is for sale offering roughly 3,794 sq ft of space. It has been on the market 40 days, fresher than the Cambridge average of 57 days.
Description
Opportunity to acquire an established appliance retail business together with the freestanding commercial building it operates from, located on one of Cambridge's busiest commercial corridors. Sale includes real property and business goodwill/operations. Long-operating business with an established customer base in appliance retail. Building offers flexibility for continued retail use or alternative commercial use, subject to zoning. Excellent exposure and traffic count. Financial statements and further business details available to qualified buyers upon execution of a confidentiality agreement. Buyer to conduct own due diligence regarding zoning, permitted uses, and business operations. (id:66096)
Property Details
- MLS®
- X13829342
- Property Type
- Business
- Zoning
- C2
- Interior Size
- 3,794 ft²
- Lot Size
- 72 × 67 ft (4,801 sq ft)
- Frontage
- 72 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $11,650/yr
- Listed
- 40 days ago
Features
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 40 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 99.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Cambridge has been listed for 40 days, which is 17 days fresher than the city average of 57. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N1R)
This home lists at $1,900,000, about 24.7× the local median household income of $77,000.
Carrying it typically needs a household income of about $371,137 (20% down, 25-yr amortization, stress-tested) — roughly 382% above the area median.
- Median household income
- $77,000
- Population
- 42,928
- Median age
- 40.8
- Owner / renter
- 59% / 41%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N1R)
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$1,900,000
Cambridge