Overview

This office property in Cambridge is for sale offering roughly 845 sq ft of space. It has been on the market 50 days, fresher than the Cambridge average of 57 days.

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Description

2ND FLOOR OFFICE SPACE ON BUZZING HESPELER ROAD! Unit 203-454 Hespeler Rd is located in the Preston building of this new development. Offering over 845sqft, ample glass windows, a rough-in for future water, 100amps plus shared parking. With C4 zoning, this is the ideal space for professional offices such as real estate, law, accounting, mortgage, consulting, employment, travel, IT specialist, insurance, and much more! Just South of the 401, you are steps from transportation and every amenity. Don’t miss out on this rare location – Cambridge Gateway Centre. Immediate occupancy, shell unit that you can build to your desired use. *Could be purchased with 204 neighbouring unit* (id:66096)

Property Details

MLS®: 40863368
Property Type: Office
Zoning: C4
Interior Size: 845 ft²
Building Area: 845 ft²
Year Built: 2023
Storeys: 1
Basement: None
Maintenance Fee: $452/mo
Ownership: Condo/Strata
Property Tax: $6,037/yr
Listed: 50 days ago

Features

Lot Features: Elevator

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Cambridge listings, avg age

57d

Price / ft²

$390

List price

$330K

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 office in Cambridge has been listed for 50 days, which is 7 days fresher than the city average of 57. Act while there is still low competition.

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Area context

Neighbourhood profile (N1R)

This home lists at $329,900, about 4.3× the local median household income of $77,000.

Carrying it typically needs a household income of about $64,441 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$329,900· $390/ft²

For sale

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Financing

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#203 454 HESPELER Road, Cambridge - Office for Sale