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Est. payment /mo
New
15 Ainslie ST N Cambridge, ON N1R 3J3
5 Baths
2,066 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
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 $1950/month plus $120/month for utilities ($23,400 annually), while Unit 2 is currently vacant, offering an excellent opportunity for an additional rental income. Current gross rental income is approximately $80,400 annually, excluding the vacant commercial unit. If leased at approximately $1,950/month, potential total gross income would be approximately $103,800 annually. Each residential unit has a kitchen and a full washroom and in Commercial unit there is a powder room and a kitchenette space. A strong opportunity for investors seeking a mixed-use property with established residential and commercial income.
Location
Province ON
County Waterloo
Area Waterloo
Zoning FC1RM1
Interior
Cooling Yes
Inclusions All Light Fixtures, All Existing Appliances.
Exterior
Utilities Available Available
Lot Frontage 28.0
Lot Depth 66.0
Others
Security Features No
ParcelsYN No
Listed by Billion Realty Inc.