Homes for sale - 1123 QUEENSTON Road, Cambridge, ON N3H3L1

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Roshan Basnet

realtorbasnet@gmail.com +1(647) 818-7373

$ 4,950,000

Est. payment | -/mo

24 Beds

20 Baths

13,600 SqFt

Save Virtual Tour

$ 4,950,000

Est. payment | -/mo

Save Virtual Tour

24 Beds

20 Baths

13,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 13,600 sqft

Price per Sqft $363

Subdivision 53 - Preston South

MLS® Listing ID 40745637

Bedrooms 24

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Freehold

Source Cornerstone - Waterloo Region

Property Description

*****Exceptional 20-Unit Apartment Building in Prime Preston Location *****Assumable low cost Financing & Strong Upside **** Take advantage of a rare low-cost, assumable mortgage of $2,759,890 at a 4.00% interest rate with a 10-year term and 40-year amortization. This financing structure provides optimized cash flow and reduced financing costs, enhancing returns from day one. This well-maintained 20-unit apartment building offers an unbeatable investment opportunity; Featuring a desirable unit mix of 16 one-bedroom and 4 two-bedroom apartments, the property boasts bright and spacious suites. The building is set up for easy management with an abundance of on-site surface parking—more than enough for every unit—and strong curb appeal. Investors will appreciate the immediate upside potential: several units are currently vacant and ready to be leased at market rents, providing a clear and achievable path to increasing net operating income and significant lift in value. With strong rental demand in the area and limited multi-family supply, this property is ideally positioned for cash flow and long-term appreciation. Centrally located in the heart of Preston, residents enjoy walking access to local amenities including restaurants, retail shops, transit ( 100 feet from the property) , and city parks. Whether you're a seasoned investor looking to expand your portfolio or a strategic buyer seeking stable multifamily income with natural upside in value , this property delivers on all fronts. Don't miss your chance to acquire a rare, scalable asset in a proven rental location. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters

Cooling Wall unit

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 22

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

Virtual Tour https://youriguide.com/1123_queenston_road_cambridge_on/

Listed by KELLER WILLIAMS INNOVATION REALTY

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 818-7373

realtorbasnet@gmail.com

4145 North Service Rd Unit: Q 2nd Floor L7L 6A3, Burlington, ON, Canada

1123 QUEENSTON Road Cambridge, ON N3H3L1