1123 Queenston Road new Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N3H 3L1
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,600 sqft
Price per Sqft $363
MLS Listing ID 40787405
Bedrooms 24
Abv Grd Liv Area 13,600
Annual Tax Amount $44,941
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Multi Family
Source Cornerstone
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.
Location
Province ON
County Waterloo
Area 15 - Preston
Zoning M1
Direction King Street East to Dolph Street.
Rooms
Basement Partial,Partially Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Baseboard
Cooling Wall Unit(s)
Fireplace No
Appliance Refrigerator,Stove
Laundry Coin Operated,Common Area
Exterior
Parking Features Asphalt
Roof Type Asphalt Shing
Lot Frontage 105.33
Garage No
Building
Lot Description City Lot,Highway Access,Hospital,Open Spaces,Park,Playground Nearby,Public Parking,Regional Mall,Schools
Faces King Street East to Dolph Street.
Story 3
Foundation Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 226480040
Ownership Freehold/None
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