Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#14327 +post_id: "615151" +post_author: 1 +"ListingKey": "X12270981" +"ListingId": "X12270981" +"PropertyType": "Commercial" +"PropertySubType": "Investment" +"StandardStatus": "Active" +"ModificationTimestamp": "2025-11-01T22:21:34Z" +"RFModificationTimestamp": "2025-11-01T22:27:10Z" +"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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- X12345056
- Investment, Commercial
- Acres
- 6480 Sqft
Description
Here is a 6 unit multiplex on a large lot in the Old East Hill neighborhood. The building has undergone significant upgrades with new windows throughout the main building. There are 5 apartments in the main building and a 2 story carriage house in the rear. Each of the apartments has lots of character. The gas boiler is 12 years old and in good condition. 2 storey detached Carriage House( Unit 6 )will be vacant December 1st so buyer can move in or set new rent!
Details
MLS® Number X12345056
Property Size 6480 Sqft
Updated on October 26, 2025 at 8:22 pm
Additional details
-
Utilities: Yes
-
Cooling: No
-
County: Hastings
-
Property Type: Commercial Sale
Address
-
Address: 159 George Street
-
City: Belleville
-
State/county: ON
-
Zip/Postal Code: K8N 3H1
Contact Information
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