Overview

This retail property in Cambridge is for sale offering roughly 2,240 sq ft of space. It has been on the market 20 days, fresher than the Cambridge average of 57 days.

Retail Space for Sale in Cambridge →All real estate in Cambridge →

Description

Exceptional opportunity to own an established, viable variety store business along with the commercial building and its land! The owner is retiring, creating an excellent opportunity for a new owner to take over an established operation with an existing customer base. This offering provides more than just a business purchase — included is the commercial property featuring a two-bedroom residential apartment, offering potential additional rental income or the convenience of living on-site. Zoned C3 Commercial, this property offers an attractive combination of business ownership, commercial real estate and residential accommodation. Ideal for an owner-operator, entrepreneur, investor or family looking to establish their own business while building equity in real estate. Business, building and land offered together for $990,000.00. A unique opportunity with multiple possibilities! (id:66096)

Property Details

MLS®: 40870733
Property Type: Retail
Zoning: C-3
Parking: 4
Interior Size: 2,240 ft²
Frontage: 50 ft
Building Area: 2,240 ft²
Storeys: 1
Basement: Partial
Ownership: Freehold
Property Tax: $7,400/yr
Listed: 20 days ago

Features

Foundation: Poured Concrete
Exterior: Concrete

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Cambridge listings, avg age

57d

Price / ft²

$442

List price

$990K

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.

Haho

This retail in Cambridge has been listed for 20 days, which is 37 days fresher than the city average of 57. Act while there is still low competition.

Set a price alert Book a showing

Area context

Neighbourhood profile (N1S)

This home lists at $990,000, about 10.4× the local median household income of $95,000.

Carrying it typically needs a household income of about $193,382 (20% down, 25-yr amortization, stress-tested) — roughly 104% above the area median.

Median household income: $95,000
Population: 20,171
Median age: 42.8
Owner / renter: 71% / 29%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1S)

$990,000· $442/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

139 GLENMORRIS Street, Cambridge - Retail for Sale