5968 Highway 1

For Sale 232 Days
$459,900 $31K
$429,000
beds
baths

5968 Highway 1

For Sale 232 Days
$459,900 $31K
$429,000
beds
baths

Highlights

Key insights

Description

  • Time on Houseful
    232 days
  • Property type
    Multi-family
  • Lot size
    0.34 Acre
  • Year built
    1960
  • Mortgage payment

This prime mixed-use property on Highway 1 in Cambridge offers exceptional visibility and tremendous investment potential. With the income-generating combination of both residential and commercial spaces, this building presents an unmatched opportunity for savvy investors looking to capitalize on both immediate and future growth. Zoned C3, the possibilities are virtually limitless, including potential for further development or diversification. There are three well-maintained apartments. Two 1-bedroom/1-bath units, and a spacious 2-bedroom/1-bath, two-level apartment. All tenants are on fixed leases. The street-front retail area is currently home to a single established retail business. However, with minimal effort, this can be reconfigured into two separate commercial units to increase income potential and diversify the revenue stream. The building offers an efficient shipping and receiving area on the ground level for the commercial tenants. There is generous parking space available for both residents and commercial tenants, with convenient access for guests and deliveries. Opportunities like this do not come oftenschedule a viewing today before this exceptional investment slips away! (id:55581)

Sonya Lecompte of Royal LePage Atlantic (New Minas),
#202501099
updated 1 month ago.
Houseful checked MLS® for data 1 month ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Municipal sewage system
Interior
  • Flooring
    Laminate
Location
  • Community features
    School bus
  • Subdivision
    Cambridge
  • Directions
    2204759
Lot/ Land Details
  • Lot dimensions
    0.3398
Overview
  • Lot size (acres)
    0.34
  • Listing #
    202501099
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/27814633/5968-highway-1-cambridge-cambridge
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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