1123 QUEENSTON ROAD

Cambridge, , N3H3L1, Canada

$4,950,000

*****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.

Virtual Tour: https://youriguide.com/1123_queenston_road_cambridge_on/

Last updated on : Tuesday 11th of November 2025 12:35:22 PM

ADDRESS

Street : 1123 QUEENSTON ROAD

City : Cambridge

Country : Canada

Postal Code : N3H3L1

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PROPERTY SUMMARY

Property ID : 40787405

Building Type : Other

Property Type : Multi-family

Bedrooms : 24

Bathrooms : 20

Parking : 22

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DENNIS BROOME
3 weeks ago

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