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.
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
The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.