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For Sale · Office

284 WATER Street N, Cambridge

284 WATER Street N, Cambridge, ON N1R3C4

$999,900 total

2,032 SF

Asset Class

Office

Size

2,032 SF

Building class

C

Zoning

DC1 — Direct Control

$ / SF

$492

Occupancy

84%

Lot Size

0 ac

About this property

A DISTINCTIVE ADDRESS. ENDLESS BUSINESS POSSIBILITIES. Some properties offer space. Others offer the opportunity to create something extraordinary. Welcome to 284 Water Street North in Cambridge, a character-filled standalone commercial building where architectural charm meets exceptional business potential. Offering 2,032 sq. ft. across two levels, this striking stone property makes an unforgettable first impression with its distinctive façade, prominent street presence, and timeless character. Situated on an approximately 0.18-acre lot measuring 67.68 ft. × 118.13 ft., the property combines an established commercial setting with valuable on-site parking. Currently configured as an elegantly appointed salon, the building presents an exciting canvas for a new vision. Imagine a sophisticated medical aesthetics clinic, boutique wellness destination, dental or healthcare practice, professional office, specialty retail concept, or an entirely new business venture. With C2 zoning, the potential is compelling! Visibility is an advantage here. Positioned along a high-traffic corridor with more than 18,000 vehicles passing daily, the property offers the kind of exposure businesses work hard to achieve. Inside, the versatile two-level layout provides room to customize, with a washroom on each floor. Located just minutes from Highway 401, with convenient connections throughout Cambridge, Waterloo Region, and Brant County, this is a location designed to support accessibility and opportunity. Whether you're establishing a new venture, expanding an existing practice, or investing in your next chapter, 284 Water Street North offers the presence, flexibility, and potential to bring your vision to life. Your business deserves more than a location. Give it a destination. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1000K
Down payment30% · $300K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$59K

Annual cash flow

$4K

Cash-on-cash

1.34%

DSCR

1.07

Going-in cap

5.94%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics925 SF2032-07
Northbridge Logistics421 SF2032-07
Northbridge Logistics400 SF2032-07
Northbridge Logistics400 SF2032-07

Area demographics

Trade area within 3 miles of the property.

Population

76,399

Households

34,966

Median income

$90,500

Median age

43.4

Daytime population

72,038

5-yr growth

1.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 284 WATER Street N, Cambridge.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.