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40 MAIN STREET, Cambridge, Ontario, N1R 1V4

MLS® # X8444614
Investment For Sale In City Core, Cambridge, Ontario
$1,750,000
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON - Outdoor With View
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON -  Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Bathroom
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Kitchen
40 Main Street, Cambridge, ON - Indoor Photo Showing Bathroom
40 Main Street, Cambridge, ON - Indoor Photo Showing Living Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Bedroom
40 Main Street, Cambridge, ON - Indoor Photo Showing Bedroom
40 Main Street, Cambridge, ON - Indoor
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON - Outdoor With Exterior
40 Main Street, Cambridge, ON -  With Exterior
40 Main Street, Cambridge, ON  - Outdoor
40 Main Street, Cambridge, ON  - Outdoor
40 Main Street, Cambridge, ON  - Outdoor
40 Main Street, Cambridge, ON  - Outdoor
40 Main Street, Cambridge, ON - Outdoor With View
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON -  Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Bathroom
40 Main Street, Cambridge, ON - Indoor Photo Showing Other Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Kitchen
40 Main Street, Cambridge, ON - Indoor Photo Showing Bathroom
40 Main Street, Cambridge, ON - Indoor Photo Showing Living Room
40 Main Street, Cambridge, ON - Indoor Photo Showing Bedroom
40 Main Street, Cambridge, ON - Indoor Photo Showing Bedroom
40 Main Street, Cambridge, ON - Indoor
40 Main Street, Cambridge, ON - Outdoor
40 Main Street, Cambridge, ON - Outdoor With Exterior
40 Main Street, Cambridge, ON -  With Exterior
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40 MAIN STREET, Cambridge, Ontario, N1R 1V4
$1,750,000

Property Information:

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. (id:27)

Building Features:

  • Style: Fourplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Heating Type: Other
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned
  • Appliances: Dryer, Refrigerator, Stove, Washer

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 3
  • Amenities Nearby: Public Transit
  • Irregular: Yes
  • Lot Depth: 170.0 Feet
  • Lot Frontage: 14.0 Feet
  • Lot Size: Bldg=14.4 x 170.28 FT ; 141.92ftx14.40ftx170.28ftx14.36ftx28.3
  • Zoning: FC1RM1
  • Sewer: Storm sewer

Courtesy of: REAL BROKER ONTARIO LTD.

REALTOR.ca  

Location of 40 MAIN STREET, Cambridge, Ontario, N1R 1V4

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

33 hot days expected in 2050

Projected Storm Risk: Very High

13 storms expected in 2050

Projected Heat Risk: High

33 hot days expected in 2050

52/100

High

ClimateCheck®

Current data

This property, 40 MAIN STREET , experiences 7 hot days per year at around 31.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 34.6 degrees Celsius.

Projected Avg. Temperature

Past
31.1℃
2050
34.6℃

# Hot Days Per Year

Past
7
2050
33

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

13 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 40 MAIN STREET , experiences 11 significant 2-day storms per year, with about 321.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 396.2mm of precipitation per year.

Precipitation Per Storm

Past
321.5mm
2050
396.2mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 40 MAIN STREET, Cambridge, Ontario, N1R 1V4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$104,235.80

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.3 %

High school certificate or equivalent

33.58 %

Apprenticeship trade certificate/diploma

5.56 %

College/non-university certificate

19.95 %

University certificate (below bachelor)

0.12 %

University Degree

23.49 %

Commuter

Travel To Work

By Car

87.3 %

By Public Transit

4.76 %

By Walking

6.31 %

By Bicycle

0.0 %

By Other Methods

1.63 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

69.29 %

Houses

30.71 %

Own Vs. Rent