Overview

This retail property in Cambridge is for sale offering roughly 3,114 sq ft of space.

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Description

Prime Corner Location in growing Hespeler Village. Mixed-use, zoned commercial and residential with the potential to either lease or be an end-user. This property has character and charm. Features include hardwood floors, exposed brick, exposed ducts, and an upper deck. Excellent exposure. Walking distance to restaurants, bars, shops, the Speed River and Community Events. (id:66096)

Property Details

MLS®: X13427738
Property Type: Retail
Zoning: C1RM2
Interior Size: 3,114 ft²
Lot Size: 16 × 75 ft (1,182 sq ft)
Frontage: 15 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $5,364.79/yr
Listed: 147 days ago

Market Timing

Days on market

147d

Cambridge listings, avg age

57d

Price / ft²

$233

List price

$725K

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

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Area context

Neighbourhood profile (N3C)

This home lists at $725,000, about 6.4× the local median household income of $114,000.

Carrying it typically needs a household income of about $141,618 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.

Median household income: $114,000
Population: 27,518
Median age: 38.8
Owner / renter: 84% / 16%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N3C)

$725,000· $233/ft²

For sale

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Financing

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2 Queen Street East, Cambridge - Retail for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (N3C)

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