Overview

This retail property in Cambridge is for sale offering roughly 1,338 sq ft of space.

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Description

LOCATION, LOCATION, LOCATION! Recently built and move-in ready, this prime second-floor office space offers high visibility and convenience in a bustling Cambridge business district near Highway 401. Featuring a modern, versatile layout with large windows that provide abundant natural light, the space can be easily modified to perfectly suit your business needs. Located in a high-traffic, C4-zoned complex with ample parking and excellent exposure along Hespeler Road, the unit permits both medical and non-medical uses-making it ideal for professionals in law, accounting, real estate, insurance, medical services, and more. Steps from the Cambridge Centre Mall, banks, and diverse amenities, this exceptional opportunity is surrounded by a strong, established business mix and is ready for immediate occupancy. (id:66096)

Property Details

MLS®: X13586524
Property Type: Retail
Zoning: C4
Interior Size: 1,338 ft²
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Property Tax: $6,600/yr
Listed: 106 days ago

Market Timing

Days on market

106d

Cambridge listings, avg age

57d

Price / ft²

$582

List price

$779K

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 (N1R)

This home lists at $779,000, about 10.1× the local median household income of $77,000.

Carrying it typically needs a household income of about $152,166 (20% down, 25-yr amortization, stress-tested) — roughly 98% 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)

$779,000· $582/ft²

For sale

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Financing

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#H213 460 Hespeler Road, Cambridge - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N1R)

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