Added 2 days ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-2 To 5 Units
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Zoning: M3
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Age: No Data
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Taxes: 10951.69
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MLS®#: X11897004
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Added: Dec 19, 2024 (2 days ago)
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Updated:
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Last Checked: 45 minutes ago
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Listed By: COLDWELL BANKER G19 REALTY
Amazing opportunity to own 1.38 Acre with M3 (Industrial/Commercial) Zoning which currently has PrimaryResidence 5-bedroom, 4-bathroom family home with spacious family rooms and 3 additional separatemulti-residential apartments in the back house. All rented for $8,000.00 PM and a Office with outsidestorage area separately rented for $7,000.00 PM.Zoning (M3): The property is zoned for industrial and commercial use, including outdoor storage andvarious other uses, which offers great potential for businesses.Development Potential: With many multi-residential developments planned for the area, there is a strongpotential for rezoning or repurposing the property for higher-density residential or commercialdevelopment.Multiple Uses: The existing residential units and the expansive lot allow for a variety of residential,commercial,and industrial possibilities.
Extras
This property represents a unique combination of residential comfort, income-generating potential, andfuture development opportunities. Whether you're interested in revitalizing the existing buildings orplanning a new project.
Property
Status: Sale
Type: Apts-2 To 5 Units
Property Type: Investment
Property Type: Apartment
Area: Cambridge
Availability Date: Flexible
Inside
Air Conditioning: Y
Utilities
Utilities: Available
Building
Heat Type: Baseboard
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Other
Fees
Tax Year: 2023
Taxes: $10,952
Taxes Type: Annual
Land
Cross Street: Shepard Ave To Becht
Municipality District: Cambridge
Parcel Number: 037660087
Lot Depth: 166 Acres
Lot Frontage: 376 Acres
Lot Irregularities: 166.75 X 375.72 X 160
Zoning: M3
Commercial Specific
Total Area: 6608
Total Area Metric: Sq Ft
Lot Code: Lot
Centennial (Cambridge) Public School
Elementary: PublicHillcrest Public School
Elementary: PublicSt Gabriel Catholic Elementary School
Elementary: CatholicOur Lady of Fatima Catholic Elementary School
Elementary: CatholicHespeler Public School
Elementary: PublicSilverheights Public School
Elementary: PublicÉSC Père-René-de-Galinée
Secondary: CatholicSouthwood Secondary School
Secondary: PublicGalt Collegiate and Vocational Institute
Secondary: PublicPreston High School
Secondary: PublicJacob Hespeler Secondary School
Secondary: PublicSt Benedict Catholic Secondary School
Secondary: Catholic
