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For saleNew listingMLS® X14140690

292 Elgin Street N, Cambridge, ON N1R 7H9

Galt · N1R 7H9

$5,500,000

$573 / sq ft

2 days on market

Total area
9,600 sf
Lot
548.54 × 0 ft

What's special

  • Yes

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About this property

Rare opportunity to acquire a substantial income-generating property situated on 2.85 acres of land in Cambridge. Featuring an existing building of approximately 10,800 sq. ft., the property is **zoned M5 (with site-specific zoning provisions)** and currently generates approximately **$20,000 in monthly rental income** from multiple tenants. An excellent opportunity for investors seeking an established income-producing asset with significant land area and potential for future value enhancement, The property offers a combination of existing rental income, substantial building space and a large landholding, making it an attractive addition to an investment portfolio.**The property is being sold in as-is condition.** Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, building condition, leases, rental income and future development potential. Don't miss this opportunity to acquire a substantial commercial investment property in Cambridge.

Property details

Property

Property type
industrial
Interior size
9,600 sq ft
Zoning
M5
Possession
TBD

Interior

Heating
Electric Forced Air
Cooling
Yes

Exterior & services

Garage
Other
Sewer
Sanitary

Costs

List price
$5,500,000
Property taxes
$25,000 / year (2026)
Price per sq ft
$573

Listing

MLS® number
X14140690
Status
For sale
Listed
November 2, 2026
Days on market
2
Last updated
November 2, 2026
Listing brokerage
RE/MAX REAL ESTATE CENTRE INC.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 73% of comparable industrial listings in Cambridge are asking less.

$1Median $3.95M$8.28M
This home
$573 / sq ft
Comparable median
$317 / sq ft

Based on 11 comparable active industrial listings in Cambridge. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $1,100,000
$1,100,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$24,328.36
Property tax (est.)
$2,083.33
Estimated monthly
$26,412

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$123,975
Total due on closing
$123,975

An estimate on the asking price of $5,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX REAL ESTATE CENTRE INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$5,500,000

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