Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty {#14322 +post_id: "615151" +post_author: 1 +"ListingKey": "X12270981" +"ListingId": "X12270981" +"PropertyType": "Commercial" +"PropertySubType": "Investment" +"StandardStatus": "Active" +"ModificationTimestamp": "2025-11-02T05:33:29Z" +"RFModificationTimestamp": "2025-11-02T05:38:36Z" +"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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- X9364280
- Investment, Commercial
- Acres
- 9035 Sqft
Description
With its prime Main Street location on a corner lot and updated suites, this apartment building represents a lucrative investment opportunity. Very close distance to parks, shopping, and Gage Park. The building recently had major capital expenditures completed, including roof replacement, plumbing upgrades, exterior painting, boiler plant replacement, and suite turn overs.
Details
MLS® Number X9364280
Property Size 9035 Sqft
Updated on December 17, 2024 at 4:33 pm
Additional details
-
Utilities: Yes
-
Sewer: Sanitary+Storm
-
Cooling: No
-
County: Hamilton
-
Property Type: Commercial Sale
Address
-
Address: 750* Main E Street
-
City: Hamilton
-
State/county: ON
-
Zip/Postal Code: L8M 1L1
Contact Information
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