Overview

This retail property in Cambridge is for sale offering roughly 2,800 sq ft of space.

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

Description

Opportunity awaits! Freestanding building that provides for a Commercial Use in a Residential Zone, with over 2800sqft of space, within walking distance to Downtown West Galt, the Gaslight District, Grand River, Parks, Walking Trails, Grocery Store and Shopping. Features single car garage.with over 2800sqft of space, within walking distance to Downtown West Galt, the Gaslight District, Grand River, Parks, Walking Trails, Grocery Store and Shopping. Features single car garage. **Property cannot be used as a Residence** (id:66096)

Property Details

MLS®: X13733234
Property Type: Retail
Zoning: R4
Bedrooms: 3
Bathrooms: 1
Interior Size: 2,800 ft²
Lot Size: 24 × 75 ft (1,806 sq ft)
Frontage: 24 ft
Heating: Radiant heat, Forced air, Natural gas
Cooling: None
Property Tax: $649.88/yr
Listed: 64 days ago

Features

Appliances: Water softener, Water Heater

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

64d

Cambridge listings, avg age

57d

Price / ft²

$196

List price

$550K

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 (N1S)

This home lists at $550,000, about 5.8× the local median household income of $95,000.

Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 13% 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)

$550,000· $196/ft²

For sale

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Financing

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24 Davidson Street, Cambridge - Retail for Sale