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$5,500,000
Available - For Sale
Listing ID: X12179198
Prime Investment Opportunity 89 Main St, Cambridge! Located in the heart of downtown Cambridge, 89 Main St presents a fantastic investment opportunity with high potential for strong returns. This well-maintained property offers a total of 37,404 sq ft, with 33,176 sq ft of leasable space, including a 6,064 sq ft large open basement that was previously used as a public recreational and entertainment space ideal for creative re-use or tenant customization. The building was fully renovated and updated when it was acquired, including upgrades to major building systems. At that time, it was thoughtfully converted into a multi-tenant retail property, offering multiple commercial units with strong retail exposure. This setup is ideal for investors seeking to diversify their portfolio or establish a steady rental income stream. Anchored by two nationally recognized brand-name tenants on long-term leases, this property ensures stability and consistent cash flow. Positioned in a high-exposure, high-foot-traffic area, the building enjoys excellent visibility on one of the city's most vibrant and traveled streets. With an excellent cap rate and a highly competitive cost per square foot, this property stands out as a smart, value-driven acquisition. Surrounded by established businesses, restaurants, and amenities, its perfectly situated to attract both tenants and customers. Don't miss out on this rare opportunity to own a commercial gem in one of Cambridges most sought-after locations.
Price $5,500,000
Taxes: $33,797
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 89 Main Stre , Cambridge, N1R 1W1, Waterloo
Postal Code: N1R 1W1
Province/State: Waterloo
Directions/Cross Streets: Water St N
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Multi-Use
Use: Service Related
Building Percentage: T
Total Area: 37,404
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: 51-99
Maintenance: 0
Sprinklers: Yes
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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CORCORAN HORIZON REALTY

89 Main Stre , Cambridge, N1R 1W1, Waterloo


 
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At a Glance:
Type: Com - Commercial Retail
Area: Waterloo
Municipality: Cambridge
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 112.26(Feet)
Approximate Age: 51-99
Tax: $33,797
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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