$699,999
Available - For Sale
Listing ID: X13733508
15 Ainslie Street North , Cambridge, N1R 3J3, Waterloo
| 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 $1,700/month, 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. |
| Price | $699,999 |
| Taxes: | $6200.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 15 Ainslie Street North , Cambridge, N1R 3J3, Waterloo |
| Postal Code: | N1R 3J3 |
| Province/State: | Waterloo |
| Legal Description: | Lot 8, Plan 450, Cambridge, Cambridge |
| Directions/Cross Streets: | Ainslie St and Elliott Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Multi-Use |
| Use: | Other |
| Building Percentage: | F |
| Total Area: | 3866.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Days Open: | V |
| Sprinklers: | No |
| Washrooms: | 5 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
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| Billion Realty Inc. |
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|
Rocky Li
Realtor
Dir:
416-567-3688
Bus:
905-604-6855
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Waterloo |
| Municipality: | Cambridge |
| Neighbourhood: | Dufferin Grove |
| Tax: | $6,200 |
| Baths: | 5 |
| Fireplace: | N |
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