290 GARDEN Street

About this home.

Rare Redevelopment Opportunity: Business Hub with Residential Potential in Preston. Looking for a strategic location for your business with an eye on future growth? This substantial 4,000 sq ft shop/warehouse in Preston, Cambridge, presents a unique offering. Situated on a quiet, dead-end street, this property isn't just a practical and affordable home base for your business; it encompasses two lots within a registered plan of subdivision, opening up possibilities for future residential redevelopment. The expansive 0.38-acre parcel provides a deep, flat lot with ample room for growth, storage, and easy vehicle access. Its current M2 industrial zoning allows for a wide range of uses, making it an ideal fit for various businesses. Inside, the approximately 4,000 sq ft building spans three levels, highlighted by a spacious and open third-floor loft with high ceilings – a versatile space for countless applications. The site is fully fenced, ensuring secure parking and convenient outdoor storage. Ground-level double swing-open doors facilitate easy loading and unloading. Additional features include forced air gas heating, a roughed-in kitchenette, and two bathrooms. Located adjacent to Otto Klotz Park and directly across from a neighbourhood playground, this property offers an excellent blend of accessibility, parking, and privacy. Don't miss this rare chance to secure a property with both business utility and long-term redevelopment potential. Contact your Realtor today to arrange a viewing and explore the possibilities this unique property holds for your business and beyond. (id:59491)

The full record.

How this listing prices against Preston North.

Preston North posted 9 sales and 19 active listings, making it a fairly active neighbourhood with a split market underneath the surface. The average price was $605,000, below the Cambridge average, and homes sold in 20.7 days at 95.46 percent of list, one of the weaker pricing outcomes in the city. Freeholds are moving well, but condos are taking much longer and selling at steeper discounts, which pulls the overall numbers down.

Estimate the monthly carry.