Overview

This retail property in Cambridge is for sale offering roughly 3,649 sq ft of space. It has been on the market 0 days, fresher than the Cambridge average of 57 days.

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Description

Excellent Investment Opportunity in Cambridge! Discover this versatile 2-storey mixed-use property featuring a commercial storefront on the main level and a spacious 3-bedroom, 2-bathroom residential unit. Situated on a corner lot with excellent street exposure, this property offers great visibility for business operations. The main-floor commercial space is ideal for a variety of retail or service-oriented businesses, subject to permitted uses. The residential unit provides comfortable living space, making this an attractive opportunity for investors, entrepreneurs, or owner-operators looking to run a business while enjoying potential rental income. Strategically located near the Grand River, Cambridge Mill, Gaslight District, Dickson Park and vibrant Downtown Galt, surrounded by restaurants, cafés, boutique shops, schools, public transit and everyday amenities. Enjoy excellent connectivity to major roads and the surrounding Waterloo Region. With ongoing downtown revitalization and a desirable location in Cambridge's historic commercial core, this property offers exciting potential to LIVE, WORK OR INVEST! Explore the opportunity to operate your business while living upstairs or generate rental income from separate commercial and residential spaces, subject to applicable approvals. A rare mixed-use investment opportunity in a well-established and evolving downtown location! Don't miss out on this excellent investment opportunity! (id:66096)

Property Details

MLS®: X14147704
Property Type: Retail
Zoning: Commercial
Bedrooms: 3
Bathrooms: 1
Parking: 8
Interior Size: 3,649 ft²
Lot Size: 50 × 73 ft (3,650 sq ft)
Frontage: 50 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $3,800/yr
Listed: Today

Market Timing

Days on market

Cambridge listings, avg age

57d

Price / ft²

$246

List price

$899K

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 3-bed retail in Cambridge has been listed for 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.

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Area context

Neighbourhood profile (N1S)

This home lists at $899,000, about 9.5× the local median household income of $95,000.

Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 85% 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)

$899,000· $246/ft²

For sale

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Financing

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25 Park Hill Road West, Cambridge - Retail for Sale

Description

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Market Timing

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Neighbourhood profile (N1S)

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