53 Cowansview Road, Cambridge - Business for Sale
53 Cowansview Road, Cambridge, Ontario, N1R7L2
This business in Cambridge is for sale offering roughly 2,600 sq ft of space. It has been on the market 18 days, fresher than the Cambridge average of 57 days.
Description
Excellent opportunity to acquire an established, fully equipped 2,600 sq. ft. automotive repair and service business. The shop features 3 automotive lifts, a comprehensive selection of specialty tools and diagnostic scan equipment, tire service equipment, a 5 HP air compressor, engine service equipment, and extensive storage and workbench facilities. The premises offer parking for approximately 10 vehicles at the front, plus 3 additional spaces at the rear, along with prominent lighted building signage. The facility includes a customer waiting area, private office, and dedicated lunchroom. OMVIC-approved location provides an opportunity to explore used vehicle sales as an additional revenue stream. Current monthly rent is $3,594.16, including HST and TMI. The existing lease runs until July 31, 2029, with the owner willing to discuss a lease extension, subject to landlord approval and mutually acceptable terms. An excellent opportunity for an automotive technician, an existing operator looking to expand, or an entrepreneur seeking an established automotive service business. All showings by appointment through the listing representative. Please do not approach staff directly. (id:66096)
Property Details
- MLS®
- X14090790
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- M3
- Interior Size
- 2,600 ft²
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 18 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 18 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 18 days, which is 39 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 $199,000, about 2.6× the local median household income of $77,000.
Carrying it typically needs a household income of about $38,872 (20% down, 25-yr amortization, stress-tested) — within reach of 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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$199,000
Cambridge