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2 days on Market

5968 Highway 1, Cambridge, Nova Scotia B0P 1G0

Townhouse
4
-
- sqft
$499,900
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Townhouse
4
-
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$2,147/mo

Tax Amount ()-

Days On Market2 days


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!


Property Details

StyleOther
View-
Age of property1960
SqFt-
Lot Size-
Parking Spaces-
MLS ®Number202501099
Community NameCambridge
Data SourceNSAR
Listing byRoyal LePage Atlantic (New Minas)

Features

Heating: Baseboard, Ductless
Basement: Full, Unfinished

Property History

Jan 17, 2025
ListedActive
$499,900
2 days on market
Listing by nsar®
Property listed by Royal LePage Atlantic (New Minas), Brokerage
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Population and Demographics

Overview

Total population 1547
Average household income $85,125

Age (%)

65 and plus
24%
50 to 64
23%
0 to 19
20%
35 to 49
18%
20 to 34
15%

Household composition (%)

Single family
65%
Single person
32%
Multi person
3%
Multi family
0%

Mother tongue (%)

English
98%
Others
2%

House tenancy (%)

Owners
65%
Renters
35%

Schools and amenities

Estimated Budget