292 ELGIN STREET N
Cambridge, Ontario
MLS® X14140690
$5,500,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- X14140690
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 2Listing description
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.
Property summary
- MLS® number
- X14140690
- Property type
- Industrial
- Size
- 9,600 sq ft
- Land size
- 2.85 acres
- Annual property taxes
- $25,000.00
- Parking
- Other
- Days on market
- 3 days
Features & details
- Heating
- Forced air
- Cooling
- Fully air conditioned
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $5,500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX REAL ESTATE CENTRE INC., BRAMPTON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.