503 Main Street
503 Main Street
$449,900
$79.91/sq ft · 144 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $1,960 |
| Property Tax (MLS) | $245 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $2,205 |
Down payment: $89,980 (20.0%) · Mortgage: $359,920
Property tax uses MLS annual tax of $2,941/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by CORCORAN HORIZON REALTY
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Data last updated: August 23, 2026 at 06:27 a.m.