47
  • X12270981
  • MLS® Number
  • Property Type
  • Investment, Commercial
  • Acres
  • Land Area
  • 0.45 Sqft
  • Area Size

1123 Queenston Road, Cambridge, ON N3H 3L1

  • $4,950,000

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 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.

Details

MLS® Number X12270981
Property Size 0.45 Sqft
Updated on November 1, 2025 at 6:59 am

Additional details

  • Utilities: Yes
  • Cooling: Partial
  • County: Waterloo
  • Property Type: Commercial Sale

Address

  • Address: 1123 Queenston Road
  • City: Cambridge
  • State/county: ON
  • Zip/Postal Code: N3H 3L1
  • Country: CA

Contact Information

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