Description

Fantastic Office space available in the Preston BIA, Super high traffic counts makes this a prime location to put down business roots! The current zoning permits mixed use of main floor commercial with upper level residential! Currently this property is used as professional office space, offering 6 office and plenty of room for reception & board room space. This property is located within the MAJOR TRANSIT STATION AREA which enables considerable higher level of flexibility for intensification. Note the property size with considerable parking or further development area to the rear. (id:66096)

Property Details

MLS®: 40839976
Property Type: Office
Zoning: C1RM2
Parking: 8
Interior Size: 2,165 ft²
Frontage: 38 ft
Building Area: 2,165 ft²
Storeys: 2
Basement: Partial
Ownership: Freehold
Property Tax: $12,497.76/yr
Listed: 141 days ago

Features

Foundation: Stone
Exterior: Brick
Lot Features: Crushed stone driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

141d

Cambridge listings, avg age

57d

Price / ft²

$300

List price

$650K

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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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· $300/ft²

For sale

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Financing

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731 KING Street East, Cambridge - Office for Sale