Overview

This office property in Cambridge is for sale offering roughly 1,738 sq ft of space.

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Description

PRIME OFFICE SPACE IN HIGH-TRAFFIC AREA. FULLY FURNISHED, MODERN, AND MOVE-IN READY. EXCELLENT LAYOUT FEATURING A WELCOMING RECEPTION AREA, 8 PRIVATE OFFICES, DEDICATED STORAGE ROOM, KITCHEN, AND WASHROOM. ALL 8 OFFICES ARE CURRENTLY RENTED, OFFERING IMMEDIATE INCOME POTENTIAL. LARGE WINDOWS PROVIDE ABUNDANT NATURAL LIGHT THROUGHOUT. LOCATED IN A HIGHLY VISIBLE COMMERCIAL HUB WITH A STRONG BUSINESS MIX INCLUDING MEDICAL, PHARMACY, RESTAURANTS, AND RETAIL. STEPS TO CAMBRIDGE CENTRE MALL, BANKS, AND EVERYDAY AMENITIES. IDEAL FOR REAL ESTATE, MORTGAGE, ACCOUNTING, CONSULTING. AN OUTSTANDING OPPORTUNITY FOR INVESTORS LOOKING FOR A TURNKEY PROPERTY. BUYERS TO VERIFY ALL MEASUREMENTS AND PERMITTED USES. (id:66096)

Property Details

MLS®: X13065644
Property Type: Office
Business Type: Other
Zoning: C4
Bathrooms: 1
Interior Size: 1,738 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $11,425.94/yr
Listed: 188 days ago

Features

Appliances: Furniture
Lot Features: Elevator

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

188d

Cambridge listings, avg age

57d

Price / ft²

$544

List price

$945K

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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Area context

Neighbourhood profile (N1R)

This home lists at $944,900, about 12.3× the local median household income of $77,000.

Carrying it typically needs a household income of about $184,572 (20% down, 25-yr amortization, stress-tested) — roughly 140% 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)

$944,900· $544/ft²

For sale

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Financing

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#H210 460 Hespeler Road, Cambridge - Office for Sale