Residential/commercial Zoned Property In Cambridge

$789,000

For Sale: Mixed Use, Retail in Cambridge, ON

Listing Details

Description

Super location in an up and coming area with over 15,000 vehicles a day and foot traffic at the corner of 48 Ainslie St South & 26 Warnock street. This unique investment building is conveniently located in Downtown Galt (directly across from bus station (future Confirmed LRT station). • Down the street from new walking bridge leading to Gas Lite development. • Across the street is a high rise development in the works (Commercial / Residential mix) • Proposed development at 61-69 Ainslie Street South in Cambridge. From Cambridge Council meeting agenda. Proposed development will include two residential towers, ground floor commercial unit • Currently renting 3 Main floor units and one larger upper office, 2 that are facing Ainslie St. south, and one shop unit with bay overhead new bay door on Warnock St side. • Main floor common entrance and 2ndfloor common board room. 1 Shared bathroom • Three upper offices on the market to rent at $675/$675(available) $890 (rented) • Total combined current rent income is $3765/ gross monthly. Potential Rent: $5115 • The building is zoned Commercial / Residential (F)C1RM1 M2 • Commercial/Residential/Industrial Zone as per Bylaw 150-85 as amended • Approx. 3100sq. foot building size ( The subject site has a recorded measurement of 46.40 x 46.53 x 54.76 x 41.95 feet. • Could easily be converted to residential multi unit or 1 residential house with garage or : live in/ work in - live in / rent out units - your office upstairs, rent out 3 main floor units • Taxes: $6900 annually. (approx.) • Ask about Creative Financing **Kindly contact me for more information.**

Location & nearby

This listing is located in Cambridge, ON N1R 3K1

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