503 MAIN STREET
Cornerstone · N1R5S7
$449,900
About this residence
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. (id:61366)
Property details
- Property type
- Other
- Style
- Residential Commercial Mix
- Ownership
- Freehold
- Storeys
- 1
- Living area
- 1,540 sq ft
- Lot size
- 0.129
- Frontage
- 50 feet
- Parking
- 4 spaces
- Annual tax
- $2,941
- MLS®
- 40816998
- Board
- Cornerstone
- Status
- Active
- Listed
- Apr 1, 2026
- Updated
- Jun 2, 2026
Features & finishes
Basement
- Full
Exterior
- Vinyl siding
Foundation
- Poured Concrete
Lot
- Paved driveway
Sewer & Utilities
- Municipal sewage system
- Natural Gas
Financing
Estimated monthly payment
$2,104/mo
Loan amount
$359,920
Down payment
$89,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · N1R- 42,928
- Population
- 41
- Median age
- $77,000
- Median income
- $600,000
- Median home value
- 59%
- Home ownership
- 26 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 503 MAIN STREET?
503 MAIN STREET is listed for $449,900, in Cornerstone.
What type of home is 503 MAIN STREET?
503 MAIN STREET is a Other, Residential Commercial Mix set over 1 storey.
How large is 503 MAIN STREET?
The home offers approximately 1,540 sq ft of living space on a lot measuring 0.129.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,104. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $2,941 per year.
Is there parking?
Yes — 503 MAIN STREET includes 4 parking spaces.
What is the Cornerstone area like?
Cornerstone has a population of about 42,928, a median age of 41, a 59% home-ownership rate, with an average commute of about 26 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $77,000.
Similar residences
Comparable Residential Commercial Mix near Cornerstone at a similar price.
Private viewings
Arrange a private viewing of 503 MAIN STREET.
Our advisors offer discreet, personal guidance from first viewing through to closing. We’d be delighted to assist.