**IDEAL FOR DENTISTS, CHIROPRACTORS, DOCTORS, OPTOMETRISTS & OTHER PROFESSIONALS!**An excellent opportunity to own your professional workspace while generating additional rental income! Located at 654 Duke Street in Cambridge, this versatile property features R5(CO) zoning, which provides for a variety of business and professional office uses, including dental practices, chiropractic clinics, medical offices, optometrists, accountants, lawyers, financial planners, consultants and more, subject to applicable municipal requirements and approvals.The main floor offers dedicated professional office space, ideal for establishing or expanding your practice without the ongoing expense of commercial leasing. A separate two-bedroom apartment provides potential rental income of approximately $1,800 to $2,000 per month or accommodation for an owner-occupant.**Looking to expand your business footprint? Explore the opportunity to convert the existing residential apartment into additional professional office or clinic space, potentially utilizing the entire building for your business needs.** The R5(CO) zoning provisions allow for the conversion of the entire building to business or professional office use, subject to applicable municipal requirements and approvals.Whether you're looking to establish a new practice, expand an existing business, generate rental income or invest in your own commercial space, this property offers exceptional flexibility.**OWN YOUR PRACTICE. OWN YOUR PROPERTY. BUILD YOUR EQUITY! (id:66096)
Property Details
MLS®
X13730456
Property Type
Office
Business Type
Other
Zoning
R5 CO
Interior Size
1,354 ft²
Building Area
1,354 ft²
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$3,773/yr
Listed
65 days ago
Features
Appliances
Washer, Dryer
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
65d
Cambridge listings, avg age
57d
Price / ft²
$480
List price
$650K
Long Listed: 65 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 65
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 99.8 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 (N3H)
This home lists at $649,900, about 7.9× the local median household income of $82,000.
Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 55% 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)
$649,900· $480/ft²
For sale
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Financing
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