$119,000
For sale: Other

MECHANIC SHOP / AUTO REPAIR BUSINESS in Cambridge, ON is For Sale. Located at busy intersection of Beverly St & Kerr St. In a busy area surrounded by residential neighbourhoods, commercial businesses, automotive businesses, dealerships, and major amenities. Rent: $4,000/month including TMI, Lease Term: Brand New Lease. Features 1 office, 1 washroom, parking for approximately 12 vehicles outside and 6 vehicles inside. Permitted uses include OMVIC, Auto Sales/Dealership, Auto Body and Auto Repair. Fully equipped shop includes 4 hoists (two Rotary 9K, Cael 9K and Atlas 12K), 2 workbenches with vise and grinder, booster, TV, parts shelving, A/C tool, oil storage shelves, oil waste tank, oil drum, spring removal tool, compressor with lines, 2 drop-down air lines, drop-down electrical line, washer and coolant tank, grinder, tool cart, industrial shop fan, locker room, pressure washer and more. Excellent turnkey automotive business opportunity with equipment included and great potential to grow further.
Sold data
Homes in Cambridge took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 50, across 273 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.
The median sale price was $670,000.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 26% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
Based on 273 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Cambridge has 46 Fraser Institute–rated schools (38 elementary and 8 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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