$1,750,000 FOR SALE

Investment

Lot: 14.4 x 170.28 ftTotal Area: 4,300 ft2
2023 Taxes: $4,231.41

40 Main St
Cambridge, ON N1R 1V4 | Waterloo

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.

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Listed By REAL BROKER ONTARIO LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8444614
Last Updated Jun 15, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Business/Building Name The Healthy Rabbit
Category Apartment
PIN 038150132
Legal Description PT LT 2 N/S MAIN ST E PL 615 CAMBRIDGE PT 1, 58R10519; T/W 1318628; S/T WS599467, WS611885; CAMBRIDGE
Occupancy Own+Ten
Possession Date Flexible
Taxes (2023) $4,231.41
Tax Type Annual
Directions/Cross Streets Water St S
Area Waterloo
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding N
Bathrooms 3
Lot 14.4 x 170.28 ft
Lot Irregularities 141.92ftx14.40ftx170.28ftx14.36ftx28.3
Retail Area 2,300 ft2
Office/Apt Area 2,000 ft2
Total Area 4,300 ft2
Approximate Age 51-99
Air Conditioning Y
Chattels Y
Garage Type Street
Amps 400
Days Open 6
Hours Open 11am-7p
Heat Type Gas Forced Air Open
Financial Statement Y
Gross Income/Sales $82,812
Insurance Expense $3,000
Taxes Expense $4,231
Year Expenses $2,024
Expenses Actual/Estimated Est
% Building 100
Outside Storage N
Area Influences Public Transit
Seats 37
Sewers Storm
Utilities Y
Water Municipal
Crane N
Survey N
Lot/Bldg/Unit Code Building
Zoning FC1RM1
Seller Property Info Statement N

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