#6 550 Industrial Road, Cambridge - Business for Sale
#6 550 Industrial Road, Cambridge, Ontario, N3H4V9
This business in Cambridge is for sale offering roughly 3,000 sq ft of space. It has been on the market 26 days, fresher than the Cambridge average of 57 days.
Description
MECHANIC SHOP / AUTO REPAIR BUSINESS in Cambridge, ON is For Sale. Located at the busy intersection of Industrial Rd & Hwy 24, in a prime automotive area surrounded by multiple franchise car dealerships and automotive businesses. Excellent location with parking for approximately 15 vehicles outside and 6 vehicles inside. Rent: $5,000/month including TMI, Lease term: 2 years + option to renew. Features 3 offices and 2 washrooms. Permitted uses include OMVIC, Auto Sales/Dealership, Auto Body and Auto Repair. Fully equipped shop includes Challenger 10K Hoist, Wheeltronic 9K Hoist, Forward 9K Hoist, Ingersoll Compressor, engine oil waste tank, oil waste tank trolley, welding machine, air lines throughout the shop, 2 air hoses, and workbench with vise. Excellent turnkey opportunity in a busy automotive/dealership corridor. (id:66096)
Property Details
- MLS®
- X13882194
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- M3
- Interior Size
- 3,000 ft²
- Heating
- Forced air, Natural gas
- Cooling
- None
- Listed
- 26 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 26 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 26 days, which is 31 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 (N3H)
This home lists at $149,000, about 1.8× the local median household income of $82,000.
Carrying it typically needs a household income of about $29,105 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $82,000
- Population
- 24,306
- Median age
- 40.8
- Owner / renter
- 62% / 38%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N3H)
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$149,000
Cambridge