Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$1,750,000
Available - For Sale
Listing ID: X8444614
40 Main St , Cambridge, N1R 1V4, Ontario
| 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. |
| Price | $1,750,000 |
| Taxes: | $4231.41 |
| Tax Type: | Annual |
| Occupancy by: | Own+Ten |
| Address: | 40 Main St , Cambridge, N1R 1V4, Ontario |
| Postal Code: | N1R 1V4 |
| Province/State: | Ontario |
| Legal Description: | PT LT 2 N/S MAIN ST E PL 615 CAMBRIDGE P |
| Lot Size: | 14.40 x 170.28 (Feet) |
| Directions/Cross Streets: | Water St S |
| Category: | Apartment |
| Use: | Apts-2 To 5 Units |
| Building Percentage: | N |
| Total Area: | 4300.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 2000 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 2300 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Approximatly Age: | 51-99 |
| Business/Building Name: | The Healthy Rabbit |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | Y |
| Days Open: | 6 |
| Hours Open: | 11am-7p |
| Seats: | 37 |
| Taxes Expense: | $4231 |
| Insurance Expense: | $3000 |
| Gross Income/Sales: | $82812 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 3 |
| Outside Storage: | N |
| Crane: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Sewers: | Storm |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| REAL BROKER ONTARIO LTD. |
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Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Waterloo |
| Municipality: | Cambridge |
| Lot Size: | 14.40 x 170.28(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $4,231.41 |
| Baths: | 3 |
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