503 MAIN Street
Cambridge, Ontario
1,540 sqft • Other
Prime commercial opportunity on a high-visibility stretch of Main Street in Cambridge, offering potential for renovation, redevelopment, or possible build-to-suit arrangements. This C2-zoned property features an approximately 1,600 sq ft boarded structure requiring substantial restoration, making it ideal for renovation or redevelopment. Previously used as a residential dwelling under legal non-conforming status, future use will be subject to current zoning. C2 zoning allows for a variety of commercial uses, with potential for mixed-use development including residential units above. Located on a fully serviced lot with excellent exposure and traffic, this property offers strong potential for investors, builders, or business owners. Seller may consider potential build-to-suit or redevelopment arrangements for qualified purchasers, subject to approvals and mutually agreed terms.
Price History
Property
- Lot Size
- 0.13 acres
Schools
Elementary
- Chalmers Street Public School1 km
Public · Waterloo Region DSB · 385 students
Grade 3 reading: 58% met the provincial standard · Grade 6 math: 35% met the provincial standard
- St Vincent de Paul Catholic Elementary School1.3 km
Catholic · Waterloo CDSB · 685 students
Grade 3 reading: 69% met the provincial standard · Grade 6 math: 66% met the provincial standard
- St Anne Catholic Elementary School1.3 km
Catholic · Waterloo CDSB · 425 students
Grade 3 reading: 63% met the provincial standard · Grade 6 math: 27% met the provincial standard
Secondary
- Glenview Park Secondary School2 km
Public · Waterloo Region DSB · 1055 students
Grade 10 literacy: 85% met the provincial standard
- Monsignor Doyle Catholic Secondary School2.1 km
Catholic · Waterloo CDSB · 1115 students
Grade 10 literacy: 92% met the provincial standard
- Galt Collegiate and Vocational Institute2.8 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N1R
- Population
- 42,928
- Private dwellings
- 18,081
- Median age
- 40.8
- Average household size
- 2.5
- Median household income
- $77,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,253
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,253 recorded sales of other properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$89,980
Estimated Monthly Payment
$2,210
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,210/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $112/mo
Estimates only. Consult a financial advisor.
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