Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#14320 +post_id: "615151" +post_author: 1 +"ListingKey": "X12270981" +"ListingId": "X12270981" +"PropertyType": "Commercial" +"PropertySubType": "Investment" +"StandardStatus": "Active" +"ModificationTimestamp": "2025-11-01T06:19:38Z" +"RFModificationTimestamp": "2025-11-01T06:22:47Z" +"ListPrice": 4950000.0 +"BathroomsTotalInteger": 0 +"BathroomsHalf": 0 +"BedroomsTotal": 0 +"LotSizeArea": 0 +"LivingArea": 0 +"BuildingAreaTotal": 0.45 +"City": "Cambridge" +"PostalCode": "N3H 3L1" +"UnparsedAddress": "1123 Queenston Road, Cambridge, ON N3H 3L1" +"Coordinates": array:2 [ 0 => -80.353855 1 => 43.392288 ] +"Latitude": 43.392288 +"Longitude": -80.353855 +"YearBuilt": 0 +"InternetAddressDisplayYN": true +"FeedTypes": "IDX" +"ListOfficeName": "KELLER WILLIAMS INNOVATION REALTY" +"OriginatingSystemName": "TRREB" +"PublicRemarks": "*****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 parkingmore than enough for every unitand 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." +"BuildingAreaUnits": "Acres" +"BusinessType": array:1 [ 0 => "Apts - 13 To 20 Units" ] +"CoListOfficeName": "KELLER WILLIAMS INNOVATION REALTY" +"CoListOfficePhone": "519-570-4447" +"Cooling": "Partial" +"CoolingYN": true +"Country": "CA" +"CountyOrParish": "Waterloo" +"CreationDate": "2025-07-08T18:26:58.714686+00:00" +"CrossStreet": "King St E And Dolph" +"Directions": "King Street East to Dolph Street." +"Exclusions": "Tenants belongings & tools in the shop" +"ExpirationDate": "2025-11-08" +"HeatingYN": true +"Inclusions": "Fridge x 20, Stove x 20, " As-Is, Where-Is "" +"RFTransactionType": "For Sale" +"InternetEntireListingDisplayYN": true +"ListAOR": "Toronto Regional Real Estate Board" +"ListingContractDate": "2025-07-08" +"LotDimensionsSource": "Other" +"LotFeatures": array:1 [ 0 => "Irregular Lot" ] +"LotSizeDimensions": "105.00 x 160.00 Feet (0.45 Acres)" +"MainOfficeKey": "350800" +"MajorChangeTimestamp": "2025-07-08T17:58:47Z" +"MlsStatus": "New" +"OccupantType": "Tenant" +"OriginalEntryTimestamp": "2025-07-08T17:58:47Z" +"OriginalListPrice": 4950000.0 +"OriginatingSystemID": "A00001796" +"OriginatingSystemKey": "Draft2680972" +"ParcelNumber": "226480040" +"PhotosChangeTimestamp": "2025-07-08T17:58:47Z" +"ShowingRequirements": array:2 [ 0 => "Lockbox" 1 => "Showing System" ] +"SignOnPropertyYN": true +"SourceSystemID": "A00001796" +"SourceSystemName": "Toronto Regional Real Estate Board" +"StateOrProvince": "ON" +"StreetName": "Queenston" +"StreetNumber": "1123" +"StreetSuffix": "Road" +"TaxAnnualAmount": "42572.0" +"TaxAssessedValue": 1663000 +"TaxLegalDescription": "PLAN 716 LOT 103 PT LOT 102 SUBJ TO RW RP67R3833 PART 2" +"TaxYear": "2024" +"TransactionBrokerCompensation": "1.5% plus hst" +"TransactionType": "For Sale" +"Utilities": "Yes" +"VirtualTourURLUnbranded": "https://unbranded.youriguide.com/1123_queenston_road_cambridge_on/" +"VirtualTourURLUnbranded2": "https://youriguide.com/1123_queenston_road_cambridge_on/" +"Zoning": "M1" +"DDFYN": true +"Water": "Municipal" +"LotType": "Lot" +"TaxType": "Annual" +"HeatType": "Baseboard" +"LotDepth": 160.0 +"LotWidth": 105.0 +"@odata.id": "https://api.realtyfeed.com/reso/odata/Property('X12270981')" +"PictureYN": true +"GarageType": "None" +"RollNumber": "300609001208100" +"PropertyUse": "Apartment" +"RentalItems": "Hot Water Heater, Coin operated laundry" +"HoldoverDays": 60 +"ListPriceUnit": "For Sale" +"ParkingSpaces": 22 +"provider_name": "TRREB" +"AssessmentYear": 2025 +"ContractStatus": "Available" +"FreestandingYN": true +"HSTApplication": array:1 [ 0 => "Not Subject to HST" ] +"PossessionDate": "2025-08-31" +"PossessionType": "Immediate" +"PriorMlsStatus": "Draft" +"MortgageComment": "Can assume: assumable mortgage of $2,759,890 at a 4.00% interest rate with a 10-year term and 40-year amortization" +"StreetSuffixCode": "Rd" +"BoardPropertyType": "Com" +"LotIrregularities": "0.45 Acres" +"PossessionDetails": "flexible" +"ShowingAppointments": "Book using Brokerbay only. 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- N9242662
- Investment, Commercial
- Acres
- 3
- 3096 Sqft
Description
Once in a lifetime opportunity to own a Jewell on Main Street. The Thomas Lloyd house is an architectural beauty that stands with Prominence at the top of Main Street, and is one of only a handful of fully detached properties on the “South side of the hill” setting it apart from others. This is an ideal location for your business, or investment portfolio. UCD1 Zoning allows for various uses, including retail, restaurant, office, residential + much more. Must be seen to be appreciated. 1986 Survey available.
Details
MLS® Number N9242662
3
Bathrooms
Property Size 3096 Sqft
Updated on November 19, 2024 at 4:26 am
Additional details
-
Utilities: Yes
-
Sewer: Sanitary
-
Cooling: No
-
County: York
-
Property Type: Commercial Sale
-
Community Features: Public Transit
Address
-
Address: 162 Main S Street
-
City: Newmarket
-
State/county: ON
-
Zip/Postal Code: L3Y 3Z1
Contact Information
360° Virtual Tour
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