89 Main Street Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N1R 1W1
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 37,404 sqft
Price per Sqft $133
MLS Listing ID 40749288
Abv Grd Liv Area 37,404
Annual Tax Amount $33,797
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Mixed,Building and Land
Source Waterloo Region
Property Description
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.
Location
Province ON
County Waterloo
Area 12 - Galt East
Zoning C1RM1
Direction Water St N to Main St
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected,Fibre Optics,Garbage/Sanitary Collection,Natural Gas Connected,Recycling Pickup,Street Lights
Lot Frontage 134.8
Lot Depth 112.26
Garage No
Building
Lot Description Rectangular,City Lot,High Traffic Area,Visual Exposure
Faces Water St N to Main St
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Masonite/Colourlock,Metal/Steel Siding
New Construction No
Others
Senior Community No
Tax ID 038160782
Ownership Freehold/None