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$1,750,000
Available - For Sale
Listing ID: X8444614
Welcome to 40 Main Street. This incredible investment opportunity offer 3 income streams with a potential 4th (main floor can be divided into 2 separate units instead of one because the building offers both front and rear entrances). With a fully equipped and operating main floor unit store "The Healthy Rabbit" which can seat 12 in and 25 out + 2 separate fully remodelled residential units, each offering 1 bed, 1 bath, separate entrance, private laundry, separate heating/cooling and separate hydro meters ! Located in the heart of Cambridge in the highly sought out and desirable store and tenant access. The Healthy Rabbit can be purchased and assumed with menu and staff in addition to the building! A fantastic business that boasts a menu focusing on both sustainability from local farmers while serving healthy and delicious dishes. Not only can you get this amazing business, but it you will also get 2x, 1-bedroom units fully equipped and tenanted. This building that was fully renovated from top to bottom in 2021 is located in a prime location, offering easy access to the local community, businesses and all amenities. The property is equipped with ample parking spaces for both residents and customers. This is an excellent opportunity for anyone looking to generate passive income while owning a well established restaurant.
Extras:   Residential Unit 201 & 301 pay their own utilities (separate meters). Business only pays for its own Utilities.
Price $1,750,000
Taxes: $4,231.41
Tax Type: Annual
Occupancy by: Own+Ten
Address: 40 Main St , Cambridge, N1R 1V4, Ontario
Postal Code: N1R 1V4
Province/State: Ontario
Legal Description: PT LT 2 N/S MAIN ST E PL 615 CAMBRIDGE P
Lot Size: 14.4 x 170.28 (Feet)
Directions/Cross Streets: Water St S
Zoning: FC1RM1
Category: Apartment
Use: Apts-2 To 5 Units
Building Percentage: N
Total Area: 4,300
Total Area Code:  Sq Ft
Office/Appartment Area: 2000
Office/Appartment Area Code: Sq Ft
Retail Area: 2300
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: 51-99
Business/Building Name: The Healthy Rabbit
Financial Statement: Y
Chattels: Y
Franchise: Y
Days Open: 6
Hours Open: 11am-7p
Seats: 37
Taxes Expense: $4231
Insurance Expense: $3000
Gross Income/Sales: $82812
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Outside Storage: N
Crane: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Sewers: Storm
Water: Municipal
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40 Main St , Cambridge, N1R 1V4, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Waterloo
Municipality: Cambridge
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Lot Size: 14.40 x 170.28(Feet)
Approximate Age: 51-99
Tax: $4,231.41
Maintenance Fee: $0
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Baths: 3
Garage: 0
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