Rare opportunity to acquire a substantial income-generating property situated on 2.85 acres of land in Cambridge. Featuring an existing building of approximately 10,800 sq. ft., the property is **zoned M5 (with site-specific zoning provisions)** and currently generates approximately **$20,000 in monthly rental income** from multiple tenants. An excellent opportunity for investors seeking an established income-producing asset with significant land area and potential for future value enhancement, The property offers a combination of existing rental income, substantial building space and a large landholding, making it an attractive addition to an investment portfolio.**The property is being sold in as-is condition.** Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, building condition, leases, rental income and future development potential. Don't miss this opportunity to acquire a substantial commercial investment property in Cambridge. (id:4555)
PROPERTY SPECS
Price $5,500,000
City Cambridge, Ontario
Address 292 Elgin Street
Listing ID X14140690
Land Size 2.85
Type Industrial/Commercial
Status For Sale
Listing Brokerage: RE/MAX REAL ESTATE CENTRE INC.
EXTENDED FEATURES
SubtypeIndustrialFeaturesIrregular lot sizeOwnershipFreeholdHeating / CoolingForced airSewerSanitary sewer