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Business For Sale · Office

401 LAUREL STREET, Cambridge

401 LAUREL STREET, Cambridge, ON N3H3Y7

$949,900 total

5,000 SF

Asset Class

Office

Size

5,000 SF

Building class

B

Zoning

CO — Commercial Office

$ / SF

$190

Occupancy

87%

About this property

What if the home you've been dreaming about could also be the place where your dreams take shape? Welcome to 401 Laurel St. A truly rare opportunity to bring your life, your work and your vision together under one roof. Imagine waking up in a beautiful, character filled home, enjoying your morning coffee, and then simply walking into your own professional space. No commute. No separation between where you live and what you love to do. Just one extraordinary property where home, business and possibility come together. This unique legal non-conforming property offers approximately 3,000 sq. ft. of professional office/clinic space, with zoning that permits medical use, along with a finished, usable basement. Whether you've dreamed of establishing your own practice, growing an existing business, creating a professional studio or simply having the freedom to work from home in a way most people can only imagine, the possibilities here are remarkable. Then we have the home that was lovingly renovated in 2017. The approximately 2,000 sq. ft. residence beautifully preserves the character and charm that make a property like this so special. A welcoming foyer and grand staircase introduce you to soaring ceilings, natural woodwork and gorgeous high-quality Bavarian windows, creating a warmth and sense of history that is increasingly difficult to find. Maybe your next chapter doesn't require choosing between the life you want and the work you love. Maybe you can have both. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$47K

Annual cash flow

$-5K

Cash-on-cash

-1.91%

DSCR

0.90

Going-in cap

4.97%

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
Lakeview Physiotherapy2,803 SF2028-08
Lakeview Physiotherapy1,006 SF2028-08
Lakeview Physiotherapy400 SF2028-08
Lakeview Physiotherapy400 SF2028-08

Area demographics

Trade area within 3 miles of the property.

Population

64,764

Households

26,687

Median income

$83,000

Median age

44.5

Daytime population

61,966

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 401 LAUREL 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.