Description

Location, Location, Location!! Main St. It will be renovated from ground up. New Drywalls, New Insulation, New Windows, New Hvac, New Plumbing, New Electrical, Panel 200 amps, Facade, New Kitchen etc. 4 Beds and 2 Full baths with an oversize Family room. A basement with a separate entrance has the potential to add another unit. Currently finishing as legal non-conforming residential. C2 zoned. Endless possibilities for commercial or mixed-use required city permit approval.. Perfect for live/work setups, commercial conversion, or buy-and-hold investing! Outside siding may not be same color. (id:66096)

Property Details

MLS®: 40870836
Property Type: Other
Zoning: C2
Interior Size: 1,430 ft²
Frontage: 50 ft
Building Area: 1,430 ft²
Storeys: 1
Basement: Full
Ownership: Freehold
Property Tax: $2,941.8/yr
Listed: 21 days ago

Features

Foundation: Brick
Exterior: Brick
Lot Features: Visual exposure

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Cambridge listings, avg age

57d

Price / ft²

$559

List price

$800K

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 other in Cambridge has been listed for 21 days, which is 36 days fresher than the city average of 57. Act while there is still low competition.

Set a price alert Book a showing

Area context

Neighbourhood profile (N1R)

This home lists at $799,900, about 10.4× the local median household income of $77,000.

Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 103% 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)

$799,900· $559/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Financing

Need a commercial mortgage?

Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.

Inquire about financing →

503 MAIN Street, Cambridge - Other for Sale