LOCATION, LOCATION, LOCATION!!! This fabulous Commercial building could be yours! Located in the picturesque Down Town Cambridge, just across the City Hall, this former ESL home with C1RM1 zoning is perfect for professionals such as Lawyers, Doctors, Insurance Broker or a Financial Planner to mention a few. This two-story building with finished basement boast 8,000 square foot each floor and plus basement to make total 24,000 square foot living spaces (8,000 square foot basement included). The whole 2nd floor, basement and partial ground floor were renovated recently with top-notch interior including all new wall with new sound-proofed insulation, high-end engineer flooring, LED lights, fashionable wall & floor titles etc. The University of Waterloo, Architecture Campus, the Grand River, walking trails, restaurants, libraries, cafes, churches, groceries, farmer’s market, bus terminals, parks and live theatre are just minutes from this great location. (id:66096)
Property Details
MLS®
40393000
Property Type
Office
Zoning
C1RM1
Parking
5
Lot Size
1.00 acres
Frontage
67 ft
Building Area
24,000 ft²
Storeys
2
Basement
Finished, Full
Heating
Forced air
Cooling
Central air conditioning
Garage
None
Ownership
Freehold
Property Tax
$39,384/yr
Listed
1321 days ago
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
1321d
Cambridge listings, avg age
57d
List price
$3.59M
Long Listed: 1321 days on market, against an average age of 57 days across the listings currently for sale in this city
Market timing · days on market0 → 57d avg age of current listings
Long Listed · day 1321
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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Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N1R)
This home lists at $3,590,000, about 46.6× the local median household income of $77,000.
Carrying it typically needs a household income of about $701,253 (20% down, 25-yr amortization, stress-tested) — roughly 811% 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)
$3,590,000
For sale
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Financing
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