About this home

This prime mixed-use property on Highway 1 in Cambridge offers exceptional visibility and tremendous investment potential. With the income-generating combination of both residential and commercial spaces, this building presents an unmatched opportunity for savvy investors looking to capitalize on both immediate and future growth. Zoned C3, the possibilities are virtually limitless, including potential for further development or diversification. There are three well-maintained apartments. Two 1-bedroom/1-bath units, and a spacious 2-bedroom/1-bath, two-level apartment. All tenants are on fixed leases. The street-front retail area is currently home to a single established retail business. However, with minimal effort, this can be reconfigured into two separate commercial units to increase income potential and diversify the revenue stream. The building offers an efficient shipping and receiving area on the ground level for the commercial tenants. There is generous parking space available for both residents and commercial tenants, with convenient access for guests and deliveries. Opportunities like this do not come oftenschedule a viewing today before this exceptional investment slips away! (id:63626)

Listed by: Sonya Lecompte, Royal LePage Atlantic (New Minas)

Home facts and features

Price details

List Price

$429,000

Home facts

Bedrooms

Full Bathrooms

Parking Details

Paved Yard

Property Type

Multifamily

Lot Size

14801 ft²

Depth

Year Built

Built in 1960 (66 yrs old)

Title

Freehold

Exterior Finish

Vinyl

Heating Type

Heat Pump, Baseboard heaters, Electric, Ductless

Basement Details

Unfinished, Full

Appliances

Dryer - Electric, Refrigerator, Stove, Washer

Agent details

Primary Agent

Sonya Lecompte

Primary Broker

Royal LePage Atlantic (New Minas)

Listing details

Days on REW

217 Days

MLS® Number

202501099

Source

Canadian Real Estate Association

Board

Nova Scotia Association of REALTORS®

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Property Insights

Schools nearby

10 Schools are within 97km

Riverside Consolidated School

n/a
K - 5
In Catchment

St. Martins School

n/a
K - 5
In Catchment

Dorchester Consolidated School

n/a
K - 8
In Catchment

Salem Elementary School

n/a
K - 4
In Catchment

Marshview Middle School

n/a
5 - 8
In Catchment

Sackville Christian Academy

n/a
K - 12
In Catchment

Caledonia Regional High School

n/a
6 - 12
In Catchment

Hillsborough Elementary School

n/a
K - 5
In Catchment

Tantramar Regional High School

n/a
9 - 12
In Catchment

Sussex Corner Elementary School

n/a
K - 5
In Catchment

5968 Highway 1Cambridge, NS, B0P 1G0