$1,430,000

21 Mckay Street

Cambridge ON, N1R 4G2

Description

RARE OPPORTUNITY to own less than ten years old 4844 sq. feet @100% OCCUPIED commercial/residential building (brick/stucco) located in Gult East area near park and two public schools. Two commercial units (downstairs) rented to two franchises and three one bed room units (upstairs) are rented below market price. Both commercial units recently signed 5 years new lease with the option of renewable further five years terms. All tenants pay their utilities and have separate hydro and gas meters. On site coin laundry, 10 parking spaces, 5.0% cap rate. The construction drawings are available after acceptance of the offer. Retail area estimated approximately half of the total area.

Details

MLS#30788655
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site15

Features

SQ Feet4,844
Story(s)0

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Area Information

ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN1R 4G2
AreaGalt East
Listing VS Median (in N1R 4G2)
Price:
$1,430,000
low | high
Med:
$1,430,000
50% of Average
SqFt:
4,844
low | high
Med:
4,844
50% of Average
$ / SqFt:
$295
low | high
Med:
$295
50% of Average
On Site:
15
low | high
Med:
15
100% of Average
Listing Updated: 02/21/2020
MLS Number: 30788655
Listing Provided By:
Mohammad Ismail  of  RIGHT AT HOME REALTY INC.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by ONTARIO REGIONAL TECHNOLOGY & INFORMATION SYSTEMS INC. (ORTIS)