Description

A unique investment opportunity in the expanding city of Cambridge. Situated on over half an acre in the growing community of Galt North, this property presents compelling possibilities for future redevelopment. With potential rezoning and a strategic location positioned to benefit from the continued growth and transformation of the area, this property offers considerable flexibility for what comes next. Residential, Commercial and Mixed use builds are all likely accomplishments. For the investor, developer, or visionary, this is the property for you. (id:66096)

Property Details

MLS®: X13706760
Property Type: Retail
Zoning: Commercial
Interior Size: 6,500 ft²
Lot Size: 22,869 sq ft (0.52 ac)
Frontage: 117 ft
Building Area: 6,500 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $27,218/yr
Listed: 72 days ago

Market Timing

Days on market

72d

Cambridge listings, avg age

57d

Price / ft²

$354

List price

$2.30M

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 (N1R)

This home lists at $2,299,000, about 29.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $449,075 (20% down, 25-yr amortization, stress-tested) — roughly 483% above 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)

$2,299,000· $354/ft²

For sale

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Financing

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204 East Samuelson Street East, Cambridge - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N1R)

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