Overview

This retail property in Cambridge is for sale offering roughly 3,993 sq ft of space.

Retail Space for Sale in Cambridge →All real estate in Cambridge →

Description

Welcome To 79 Elgin Street N In Cambridge. A Fantastic Opportunity To Own A Stand Alone Building And Land In A High Exposure Location With Tons Of Parking. You Can't Beat The Location And Quick Access To Main Roads Either. Owned By The Same Owner For more than 30 years and now retiring. This Building Is Well Kept, Maintained And Easy To Manage. This Building Is Fully Rented And A Perfect Turn Key Opportunity. Near High ways and good rental income and good cash flow. Big Lot and big potential for development. Very good location. Good opportunity to own a small plaza. (id:66096)

Property Details

MLS®: X13138270
Property Type: Retail
Zoning: Commercial
Parking: 32
Interior Size: 3,993 ft²
Lot Size: 101 × 126 ft (12,735 sq ft)
Frontage: 101 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $15,569.54/yr
Listed: 172 days ago

Market Timing

Days on market

172d

Cambridge listings, avg age

57d

Price / ft²

$576

List price

$2.30M

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 retail in Cambridge is available now. Want me to connect you with the agent or keep you posted on any price updates?

Set a price alert Book a showing

Area context

Neighbourhood profile (N1R)

This home lists at $2,300,000, about 29.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $449,271 (20% down, 25-yr amortization, stress-tested) — roughly 483% 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)

$2,300,000· $576/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 →

79 Elgin Street North, Cambridge - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N1R)

Book a showing

Need a commercial mortgage?