Sean Kim
Broker
$649,000
Available - For Sale
Listing ID: X12829222
208 Beverly Street , Cambridge, N1R 3Z8, Waterloo
| Turnkey opportunity to own an established automotive repair and body shop in a prime AAA location in Cambridge. This profitable and well established business is offered for sale without property and is being sold in as is condition with all equipment included. The premises offer approximately 7,000 square feet in total, including about 5,000 square feet of repair shop space on the main floor and approximately 2,000 square feet on the second floor. The repair shop features 6 service bays with 4 hoists, allowing multiple vehicles to be serviced efficiently at the same time, along with a 2 bay body shop dedicated to dent repair and paint work. The main level also includes 2 washrooms, 1 lunchroom, 1 private office, and a welcoming main entrance. Additional income is generated through outside parking and storage charged at $85 per day to customers or insurance companies when applicable. The second floor consists of 8 residential units, with 5 units currently leased generating approximately $3,000 per month in rental income, while 3 units are occupied by the owner, and all 8 units have the potential to be leased to further increase revenue. The monthly lease for the entire premises is $13,680 including TMI and HST. This is an excellent opportunity for an owner operator or investor to acquire a fully equipped, income producing automotive business with multiple revenue streams and strong growth potential in Cambridge. |
| Price | $649,000 |
| Taxes: | $0.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 208 Beverly Street , Cambridge, N1R 3Z8, Waterloo |
| Postal Code: | N1R 3Z8 |
| Province/State: | Waterloo |
| Directions/Cross Streets: | SAMUELSON ST & BEVERLY ST |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Without Property |
| Use: | Automotive Related |
| Total Area: | 7000.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 9 AM TO |
| Employees #: | 0 |
| Seats: | 0 |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Partial |
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| RE/MAX REAL ESTATE CENTRE INC. |
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Sean Kim
Broker
Dir:
416-998-1113
Bus:
905-270-2000
Fax:
905-270-0047
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Waterloo |
| Municipality: | Cambridge |
| Neighbourhood: | Dufferin Grove |
| Fireplace: | N |
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