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, Cambridge
$899,999
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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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,982 |
| Lot Size | 76.95 ft x 151.59 ft |
| mls© Number | X13439260 |
| Listed By | RE/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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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