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Business For Sale · Specialty

37 WELLINGTON STREET, Cambridge

37 WELLINGTON STREET, Cambridge, ON N1R3Y6

$785,000 total

2,804 SF

Asset Class

Specialty

Size

2,804 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$280

Occupancy

99%

About this property

An extraordinary investment opportunity to acquire a one-of-a-kind landmark property offering exceptional flexibility, enduring character, and outstanding redevelopment potential. This beautifully maintained church showcases an impressive sanctuary with soaring ceilings, timeless architectural features, versatile assembly spaces, offices, meeting rooms, washrooms, and ampleon-site parking. Ideally positioned on a prominent corner site with frontage and access from two roads, the property enjoys exceptional visibility, accessibility, and exposure within a well-established community. Offering endless possibilities for continued institutional use or future adaptive redevelopment-including community, educational, cultural, residential, ormixed-use applications (subject to zoning and municipal approvals)-this is a truly rare offering for investors, developers, institutions, or end-users seeking a signature property with unmatched presence, long-term value, and limitless potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$785K
Down payment30% · $236K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$63K

Annual cash flow

$19K

Cash-on-cash

8.21%

DSCR

1.44

Going-in cap

8.00%

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
Summit Trades Supply845 SF2027-11
Summit Trades Supply590 SF2028-11
Summit Trades Supply1,335 SF2028-11

Area demographics

Trade area within 3 miles of the property.

Population

68,358

Households

27,201

Median income

$86,500

Median age

44.9

Daytime population

66,884

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 37 WELLINGTON STREET, 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.