69 Main Street, Cambridge - Business for Sale
69 Main Street, Cambridge, Ontario, N1R1V6
This business in Cambridge is for sale offering roughly 1,100 sq ft of space.
Description
Excellent opportunity to own a well-established, independent restaurant business in the heart of Downtown Cambridge. Business only - real property not included. No franchise fees or royalties. Licensed with an LCBO liquor licence, offering seating for approximately 21 guests indoors and an additional 15 seats on the patio. Gross monthly rent, including TMI, is approximately $3,550. The business is currently operating on a month-to-month lease, and the landlord is open to negotiating a new long-term lease with the qualified buyer, subject to landlord approval. This is a turnkey opportunity with excellent exposure, ideal for owner operators or entrepreneurs looking to establish or expand their restaurant business.! (id:66096)
Property Details
- MLS®
- X13531326
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- (f) C1Rm1
- Bathrooms
- 3
- Interior Size
- 1,100 ft²
- Frontage
- 64 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $100/yr
- Listed
- 122 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 122 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 99.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Cambridge is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N1R)
This home lists at $129,999, about 1.7× the local median household income of $77,000.
Carrying it typically needs a household income of about $25,393 (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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$129,999
Cambridge