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Price Change$1,100,000

715 Main Street S

, Cambridge

$899,999

Detached|1 1/2 Storey
3 | 3 | 5
About this home

An exceptional opportunity for developers, investors, and builders to acquire a strategic land assembly in one of Cambridge's rapidly evolving commercial corridors. Located on Main Street East with excellent exposure and accessibility, 715 Main Street East offers a combined development site with significant potential for commercial, industrial, and mixed-employment uses. The properties are zoned M2 (General Industrial & Commercial), providing a wide range of permitted uses and flexibility for future redevelopment. Preliminary development concepts prepared for the site envision multiple commercial leaseable units with ample on-site parking, highlighting the property's strong redevelopment potential and efficient site utilization. Positioned along a major arterial route, the site benefits from excellent visibility, high daily traffic counts, and convenient access to major transportation corridors. Situated just steps from a wide array of everyday conveniences, future occupants will enjoy immediate access to major retailers and services including Canadian Tire, FreshCo, LCBO, TD Canada Trust, Dollarama, Tim Hortons, restaurants, pharmacies, and numerous other national brands. The surrounding area continues to experience growth through commercial, industrial, and residential expansion, making this an attractive location for businesses and future tenants alike.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,982
Lot Size76.95 ft x 151.59 ft
mls© NumberX13439260
Listed ByRE/MAX OPTIMUM REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,607
Property tax
$332
Heat allowance
$150
Housing costs
$5,088 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $180,000
25-yr amortization

Income needed

$157,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$180,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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