For Sale

5968 Highway 1, Cambridge, Nova Scotia B0P1G0

$499,900

5968 Highway 1, Cambridge, Nova Scotia B0P1G0 is For Sale and has a listing price of 499,900. The property is located in the neighbourhood. It's been on the website for 24 Days.

  • Retail
    Property Type
  • Paved Yard
    Parking
  • MLS ID: 202501098
  • Office Name Royal LePage Atlantic (New Minas),Royal LePage Atl
Property Description

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. A centrally located shared laundry facility adds value and convenience for residents. 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 often?schedule a viewing today before this exceptional investment slips away! (id:43137)

Property Details
  • Virtual Tour: Click Here
  • MLS ID: 202501098
  • Price: $499,900
  • Transaction Types: For Sale
  • Ref ID: 27814634
  • Year Built: N/A
  • Approx Sqft: 5245 sqft
  • Property Type: Retail
  • Property Type: Commercial
  • Property Sub Category: Retail
Price History
List Date MLS ID List Price Status End Date Closed Price
01/17/2025 202501099 $499,900 For Sale - -
01/17/2025 202501098 $499,900 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Cambridge
  • $414,799 Average List Price
    based on 1 year
  • 1 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 100 % Below
  • Sold (12mo) 0
  • Rented (12mo) 0

  • 1 Month Change +32.3%
  • 3 Month Change -14.7%
  • 6 Month Change -18.3%
Walkscore
  • 18 Walk Score
    Car-Dependent
  • 28 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    79.1%
  • Commercial
    16.42%
  • Land for Sale
    4.48%
Additional Details
  • Water Drilled Well
  • Cooling System Heat Pump
  • Fireplace False
  • Parking Paved Yard
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 17/01/2025 00:00:00
  • Agent Name: Sonya Lecompte,Tim Davison
  • Last Updated: 04/02/2025 18:14:49
Open House Dates
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