ON > Cambridge
Cambridge, ON N3H 3L1,1123 Queenston RD
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Cambridge, ON N3H 3L1,1123 Queenston RD
Cambridge, ON N3H 3L1,1123 Queenston RD
Cambridge, ON N3H 3L1,1123 Queenston RD
Cambridge, ON N3H 3L1,1123 Queenston RD
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 4,950,000
Est. payment /mo
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1123 Queenston RD Cambridge, ON N3H 3L1

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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID X12533660

Annual Tax Amount $44,941

Tax Year 2025

Property Sub-Type Investment

Lot Depth 160.0

Lot Front 105.0

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 Waterloo

Interior

Heating Yes

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 105.0

Lot Depth 160.0

Building

Lot Description Irregular Lot

Others

ParcelsYN No

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Listed by KELLER WILLIAMS INNOVATION REALTY
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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1123 Queenston RD

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