89 Main St Unit 107, Cambridge, ON N1R 1W1, Canada
89 Main St Unit 107, Cambridge, ON N1R 1W1, CanadaBasics
- Date added: Added 14 hours ago
- Category: Commercial Sale
- Type: Building and Land, Mixed
- Status: Active
- Bedrooms: 0
- County Or Parish: Waterloo
- Lot Size Square Feet: 15246 sq ft
- Lot Size Acres: 0.35 sq ft
- MLS ID: 40749288
Description
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Description:
Prime Investment Opportunity 89 Main St, Cambridge! Located in the heart of downtown Cambridge, 89 Main St presents a fantastic investment opportunity with high potential for strong returns. This well-maintained property offers a total of 37,404 sq ft, with 33,176 sq ft of leasable space, including a 6,064 sq ft large open basement that was previously used as a public recreational and entertainment space ideal for creative re-use or tenant customization. The building was fully renovated and updated when it was acquired, including upgrades to major building systems. At that time, it was thoughtfully converted into a multi-tenant retail property, offering multiple commercial units with strong retail exposure. This setup is ideal for investors seeking to diversify their portfolio or establish a steady rental income stream. Anchored by two nationally recognized brand-name tenants on long-term leases, this property ensures stability and consistent cash flow. Positioned in a high-exposure, high-foot-traffic area, the building enjoys excellent visibility on one of the city's most vibrant and traveled streets. With an excellent cap rate and a highly competitive cost per square foot, this property stands out as a smart, value-driven acquisition. Surrounded by established businesses, restaurants, and amenities, its perfectly situated to attract both tenants and customers. Don't miss out on this rare opportunity to own a commercial gem in one of Cambridges most sought-after locations.
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Location
- Directions: Water St N to Main St
Building Details
- Number Of Units Total: 0
- Building Area Total: 37404 sq ft
- Security Features: Security System
- Construction Materials: Masonite/Colourlock, Metal/Steel Siding
Amenities & Features
- Water Source: Municipal
- Sewer: Sewer (Municipal)