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    For Sale - 15 Ainslie Street, Cambridge, Ontario

    Est payment $3,361/mo
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    Views   1
    Time on Jump  10 day

    AI Summary *

    • Mixed-use building in downtown, ideal for diverse income streams.
    • Two commercial units with one currently leased and one available.
    • Three residential apartments generating steady annual rental income.
    • All residential units have kitchens and full bathrooms for convenience.
    • Total area includes 2000 sqft of retail/office space for various uses.




    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, providing $57,000 in annual residential rental income all inclusive. Main-floor office/retail unit 1 is leased at $2950/month plus $120/month for utilities ($30,389. 46 annually), while unit 2 is currently vacant, offering an excellent opportunity for an additional rental income. Current gross rental income is $92,400 annually, excluding the vacant commercial unit 2. Each residential unit has a kitchen and a full washroom and in commercial unit there is a powder room , kitchenette space and small crawl area which can be accessed from unit 1 main level . A strong opportunity for investors seeking a mixed-use property with established residential and commercial income. Total area 3866, retail/office 2000.
    Listing IDX13733508
    Address15 Ainslie Street
    CityCambridge, Ontario
    Price$699,999
    Bath5 Full
    StyleCommercial Retail
    Land Size1926.74
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Baseboard

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    Listing Brokerage: Billion Realty Inc.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    15 Ainslie Street
    Cambridge , Ontario
    5 $699,999
    Get more info