$37,500,000

For sale

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605 SHELDON Drive, Cambridge - Industrial for Sale

605 SHELDON Drive, Cambridge, Ontario, N1T2K1

137,500 ft²10 acres lot sizeListed 250 days ago

Overview

This industrial property in Cambridge is for sale offering roughly 137,500 sq ft of space.

Industrial Properties for Sale in Cambridge →All real estate in Cambridge →

Description

Exceptional Grade A Industrial Facility – Fully Craned & Turnkey Prime opportunity in Cambridge’s bustling industrial corridor. This modern (2007 Build) 137,500 SF building offers outstanding flexibility for heavy manufacturing, warehousing, and distribution. Zoned M3 allowing many uses with extended use to include outdoor storage. • Built in 2007 – well-maintained, high-quality construction • 120,500 SF high-bay manufacturing space • 17,000 SF professional stacked office space • Heavy crane infrastructure: 8 × 10-ton + 2 × 5-ton cranes • 1,400 linear feet of overhead crane systems • Longest run: 535 ft • 20'6 hook height (CMAA-rated), 29' Clear Height Ideal for manufacturing, assembly, and logistics operations requiring robust overhead lifting capacity and zoning flexibility. Ready for immediate occupancy. (id:66096)

Property Details

MLS®: 40808227
Property Type: Industrial
Zoning: M2/M3
Interior Size: 137,500 ft²
Lot Size: 10 acres
Building Area: 137,500 ft²
Year Built: 2007
Storeys: 2
Basement: None
Ownership: Freehold
Property Tax: $293,934.74/yr
Listed: 250 days ago

Features

Lot Features: Visual exposure, Industrial mall/subdivision

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

250d

Cambridge listings, avg age

57d

Price / ft²

$273

List price

$37.50M

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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Listed by Coldwell Banker The Real Estate Centre · Eric Frey

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1T)

This home lists at $37,500,000, about 302.4× the local median household income of $124,000.

Carrying it typically needs a household income of about $7,325,063 (20% down, 25-yr amortization, stress-tested) — roughly 5807% above the area median.

Median household income: $124,000
Population: 18,513
Median age: 37.2
Owner / renter: 84% / 16%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA N1T)

$37,500,000· $273/ft²

For sale

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Financing

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