$355.22 Per Sq Foot $8,589 est/mo Sourced by Back At You

24 Queens Square,Cambridge, ON N1S 1H6

Cambridge ON, N1S 1H6

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Description

Nestled in the vibrant heart of downtown Galt, this stunning two-story building presents a unique opportunity for investors and entrepreneurs alike. Located adjacent to the prestigious University of Waterloo School of Architecture, and within walking distance to the bustling Gaslight District and the popular Hamilton Family Theatre, this property is surrounded by the stunning architecture of older churches, adding to its historic charm. It is also just steps away from the Cambridge Library, enhancing its appeal with easy access to valuable resources and community services. Currently operating as a thriving business centre, the building features up to 15 separate units, making it a versatile space ideal for both budding startups and established enterprises. Each unit is designed with functionality in mind, offering flexible spaces that can adapt to a variety of business needs. Zoned C1RM1, the property affords a multitude of uses, including retail, office space, and service industries, allowing for a tailored approach to business development. Its proximity to local amenities such as shops, cafes, cultural landmarks, and entertainment venues like the Gaslight District and Hamilton Family Theatre, further enhances its attractiveness to potential tenants seeking convenience and exposure. Highlights of this property include: High visibility in a high-traffic area, Versatility with 15 potential income-generating units, Broad zoning possibilities catering to a range of business ventures This property is an excellent investment for those looking to capitalize on the continuous growth and development of the Galt area. A rare find, this building offers both the charm of a historic district and the entrepreneurial spirit of a modern business hub. The seller is willing to entertain a VTB first mortgage, 65% LTV at 3.99% for 1 year.

Details

MLS#40578674
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site26
Listing Provided ByRE/MAX REAL ESTATE CENTRE INC. BROKERAGE-3 | Walter Monteiro

Features

SQ Feet4,504
BasementY
Story(s)2
ZoningFC1RM1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN1S 1H6
Area11 Galt West
Subarea10 Victoria
Community Name10 Victoria
Listing VS Median (in 10 Victoria)
Price:
$1,599,900
low | high
Med:
$649,900
100% of Average
SqFt:
4,504
low | high
Med:
1,226
100% of Average
$ / SqFt:
$355
low | high
Med:
$530
2% of Average
On Site:
26
low | high
Med:
18.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 6:18:35 PM PDT
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