Rare opportunity to acquire a substantial income generating property situated on 2.
292 Elgin Street
Cambridge N1R 7H9
Canada
Listing
| Web ID: | 5832614 |
|---|---|
| Website: | https://www.nestseekers.com/5832614 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
Financials
Price:C5,500,000
($3,933,900)
(€3,514,100)
Annual Taxes:C25,000
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.
Amenities
- Available