290 GARDEN Street

About this home.

Rare Redevelopment Opportunity in Preston, Cambridge. This unique offering features two lots within a registered plan of subdivision, totaling 0.38 acres of deep, flat, and highly usable land. While currently zoned M2 Industrial, the property's configuration and location on a quiet dead-end street provide a significant foundation for future redevelopment potential. The existing 4,000 sq. ft. three-level building includes a spacious third-floor loft with high ceilings, making it ideal for immediate industrial or office use while awaiting long-term appreciation. The M2 zoning permits a wide range of uses, including general industrial operations, professional offices, factory sales outlets, and daycare facilities. The property is fully fenced and designed for functionality with ground-level double swing-open doors for easy loading and unloading. Interior amenities include forced-air gas heating, a roughed-in kitchenette, and two bathrooms. Situated adjacent to Otto Klotz Park and across from a neighborhood playground, the site offers excellent privacy and a prime location. Secure your footprint in a growing area with significant dual-lot advantages. Contact your REALTOR® to arrange a viewing. (id:59491)

The full record.

How this listing prices against Preston North.

Preston North was one of Cambridge's busier lower-priced neighbourhoods, with 11 sales and 15 active listings over the past 30 days. The average sale price was $586,545, well below the city average, and homes sold in 21.73 days, almost in line with the wider market. Sales closed at 95.87% of list, which is a softer pricing result and shows buyers are finding room to negotiate. Freeholds moved reasonably well, while condos were much cheaper and much slower.

Estimate the monthly carry.