Primary photo of 5968 Highway 1, Cambridge
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Triplex For Sale

$429,000

MLS® Number: 202501099

Land Size

0.34

Year Built

1960

5968 Highway 1, Cambridge, Nova Scotia

About This Property

This prime mixed-use property on Highway 1 in Cambridge offers exceptional visibility and tremendous investment potential. With the income-generating combination of both residential and commercial spaces, this building presents an unmatched opportunity for savvy investors looking to capitalize on both immediate and future growth. Zoned C3, the possibilities are virtually limitless, including potential for further development or diversification. There are three well-maintained apartments. Two 1-bedroom/1-bath units, and a spacious 2-bedroom/1-bath, two-level apartment. All tenants are on fixed leases. The street-front retail area is currently home to a single established retail business. However, with minimal effort, this can be reconfigured into two separate commercial units to increase income potential and diversify the revenue stream. The building offers an efficient shipping and receiving area on the ground level for the commercial tenants. There is generous parking space available for both residents and commercial tenants, with convenient access for guests and deliveries. Opportunities like this do not come oftenschedule a viewing today before this exceptional investment slips away!

Property Details

Interior Details

Appliances

Washer, Dryer - Electric, Refrigerator, Stove

Basement

Unfinished, Full

Flooring

Laminate

Building & Exterior

Exterior Features

Vinyl

Foundation Details

Block, Concrete Perimeter

Parking Features

Paved Yard

Year Built

1960

Land & Location

City Region

Cambridge

Community Features

School Bus

Lot Size Area

0.3398 acres

Lot Size Dimensions

0.3398

Parcel Number

55157739

Postal Code

B0P1G0

Listing & Financials

Listing Office

Royal LePage Atlantic (New Minas)

Originating System Name

Nova Scotia Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Mortgage Calculator

20% ($85,800)
5.5%
25 Years

Estimated Monthly Payment

$2,108

Principal and interest only. Actual rates may vary.

Location & Map

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