292 Elgin Street N, Cambridge, ON N1R 7H9

$5,500,000

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Property Description

Rare opportunity to acquire a substantial income-generating property situated on 2.85 acres of land in Cambridge. Featuring an existing building of approximately 10,800 sq. ft., the property is **zoned M5 (with site-specific zoning provisions)** and currently generates approximately **$20,000 in monthly rental income** from multiple tenants. An excellent opportunity for investors seeking an established income-producing asset with significant land area and potential for future value enhancement, The property offers a combination of existing rental income, substantial building space and a large landholding, making it an attractive addition to an investment portfolio.**The property is being sold in as-is condition.** Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, building condition, leases, rental income and future development potential. Don't miss this opportunity to acquire a substantial commercial investment property in Cambridge.

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Listing courtesy of RE/MAX REAL ESTATE CENTRE INC..