41
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$699,999
Est. payment /mo
5 Baths
3,866 SqFt
Active
15 Ainslie ST N Cambridge, ON N1R 3J3
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,866 sqft
Price per Sqft $181
MLS Listing ID X13733508
Annual Tax Amount $6,200
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Excellent mixed-use investment opportunity in the heart of Downtown Cambridge. This well maintained, renovated two-storey commercial/residential building offers a diversified income stream with two main-floor commercial/office units and three residential apartments above. All three residential units are currently tenanted, with Unit 1 at $1,700/month, Unit 2 at $1,350/month, and Unit 3 at $1,700/month, providing $57,000 in annual residential rental income all inclusive. Main-floor Office/Retail Unit 1 is leased at $2950/month plus $120/month for utilities ($30,389.46 annually), while Unit 2 is currently vacant, offering an excellent opportunity for an additional rental income. Current gross rental income is $92,400 annually, excluding the vacant commercial unit 2. Each residential unit has a kitchen and a full washroom and in Commercial unit there is a powder room , kitchenette space and small crawl area which can be accessed from unit 1 main level . A strong opportunity for investors seeking a mixed-use property with established residential and commercial income. Total area 3866, retail/office 2000.
Location
Province ON
County Waterloo
Area Waterloo
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 28.0
Lot Depth 66.0
Others
Security Features No
ParcelsYN No
Listed by Billion Realty Inc.
Nearby Locations
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