$1,100,000

For sale

401 Laurel Street, Cambridge - Office for Sale

401 Laurel Street, Cambridge, Ontario, N3H3Y7

4 beds5 baths6 parking5,000 ft²Listed 40 days ago

Overview

This office property in Cambridge is for sale offering roughly 5,000 sq ft of space. It has been on the market 40 days, fresher than the Cambridge average of 57 days.

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Description

What if the home you've been dreaming about could also be the place where your dreams take shape? Welcome to 401 Laurel St. A truly rare opportunity to bring your life, your work and your vision together under one roof. Imagine waking up in a beautiful, character filled home, enjoying your morning coffee, and then simply walking into your own professional space. No commute. No separation between where you live and what you love to do. Just one extraordinary property where home, business and possibility come together. This unique legal non-conforming property offers approximately 3,000 sq. ft. of professional office/clinic space, with zoning that permits medical use, along with a finished, usable basement. Whether you've dreamed of establishing your own practice, growing an existing business, creating a professional studio or simply having the freedom to work from home in a way most people can only imagine, the possibilities here are remarkable. Then we have the home that was lovingly renovated in 2017. The approximately 2,000 sq. ft. residence beautifully preserves the character and charm that make a property like this so special. A welcoming foyer and grand staircase introduce you to soaring ceilings, natural woodwork and gorgeous high-quality Bavarian windows, creating a warmth and sense of history that is increasingly difficult to find. Maybe your next chapter doesn't require choosing between the life you want and the work you love. Maybe you can have both. (id:66096)

Property Details

MLS®: X13828908
Property Type: Office
Zoning: R-4
Bedrooms: 4
Bathrooms: 5
Parking: 6
Interior Size: 5,000 ft²
Frontage: 60 ft
Building Area: 5,000 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $16,714/yr
Listed: 40 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Cambridge listings, avg age

57d

Price / ft²

$220

List price

$1.10M

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 4-bed office in Cambridge has been listed for 40 days, which is 17 days fresher than the city average of 57. Act while there is still low competition.

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Listed by Keller Williams Home Group Realty · JOHN BERTRAND

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3H)

This home lists at $1,100,000, about 13.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $214,869 (20% down, 25-yr amortization, stress-tested) — roughly 162% above the area median.

Median household income: $82,000
Population: 24,306
Median age: 40.8
Owner / renter: 62% / 38%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N3H)

$1,100,000· $220/ft²

For sale

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Financing

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