Added 5 months 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: FC1RM1
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Age: 51-99 years
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Taxes: 4231.41
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MLS®#: X8444614
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Days on Site: 1 Days
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Added: Jun 14, 2024 (5 months ago)
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Updated:
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Last Checked: 1 day ago
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Listed By: REAL BROKER ONTARIO LTD.
Welcome to 40 Main Street. This incredible investment opportunity offer 3 income streams with a potential 4th (main floor can be divided into 2 separate units instead of one because the building offers both front and rear entrances). With a fully equipped and operating main floor unit store "The Healthy Rabbit" which can seat 12 in and 25 out + 2 separate fully remodelled residential units, each offering 1 bed, 1 bath, separate entrance, private laundry, separate heating/cooling and separate hydro meters ! Located in the heart of Cambridge in the highly sought out and desirable store and tenant access. The Healthy Rabbit can be purchased and assumed with menu and staff in addition to the building! A fantastic business that boasts a menu focusing on both sustainability from local farmers while serving healthy and delicious dishes. Not only can you get this amazing business, but it you will also get 2x, 1-bedroom units fully equipped and tenanted. This building that was fully renovated from top to bottom in 2021 is located in a prime location, offering easy access to the local community, businesses and all amenities. The property is equipped with ample parking spaces for both residents and customers. This is an excellent opportunity for anyone looking to generate passive income while owning a well established restaurant.
Extras
Residential Unit 201 & 301 pay their own utilities (separate meters). Business only pays for its own Utilities.
Property
Status: Sale
Type: Apts-2 To 5 Units
Property Type: Investment
Property Type: Apartment
Age: 51-99
Area: Cambridge
Availability Date: Flexible
Inside
Bathrooms: 3
Air Conditioning: Y
Washrooms: 3
Utilities
Utilities: Yes
Building
Heat Type: Gas Forced Air Open
Energy Certificate: N
Green Verification Status: N
Freestanding: N
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: Y
Amps: 400
Parking
Garage Type: Street
Fees
Tax Year: 2023
Tax Legal Description: PT LT 2 N/S MAIN ST E PL 615 CAMBRIDGE PT 1, 58R10519; T/W 13186
Taxes: $4,231
Expenses: Est
Insurance Fee: 3000
Taxes Type: Annual
Taxes: 4231
Tax Year: 2024
Land
Cross Street: Water St S
Municipality District: Cambridge
Parcel Number: 038150132
Sewer: Storm
Lot Depth: 170.28 Feet
Lot Frontage: 14.4 Feet
Lot Irregularities: 141.92ftx14.40ftx170.
Zoning: FC1RM1
Commercial Specific
Retail Area: 2300
Retail Area Metric: Sq Ft
Total Area: 4300
Total Area Metric: Sq Ft
Hours Open: 11am-7p
Office Size: 2000
Office Size Metric: Sq Ft
Area Influence: Public Transit
Days Open: 6
Franchise: Y
Tangible Property Included: Y
Crane: N
Lot Code: Building
Survey: N
Building Percent: 100
Seats: 37
Business/Building Name: The Healthy Rabbit
Financial Statement: Y
Gross Income/Sales: 82812
St Francis Catholic Elementary School
Elementary: CatholicCentral Public School
Elementary: PublicSt Andrew's Public School
Elementary: PublicManchester Public School
Elementary: PublicHighland Public School
Elementary: PublicStewart Avenue Public School
Elementary: PublicSouthwood Secondary School
Secondary: PublicGlenview Park Secondary School
Secondary: PublicGalt Collegiate and Vocational Institute
Secondary: PublicMonsignor Doyle Catholic Secondary School
Secondary: CatholicJacob Hespeler Secondary School
Secondary: PublicSt Benedict Catholic Secondary School
Secondary: Catholic
