1123 Queenston Rd, Cambridge, ON N3H 3L1, Canada
1123 Queenston Rd, Cambridge, ON N3H 3L1, CanadaBasics
- Date added: Added 2 weeks ago
- Category: Residential Income
- Type: Multi Family
- Status: Active
- Bedrooms: 24
- Bathrooms: 20
- Area: 13600 sq ft
- County Or Parish: Waterloo
- Lot Size Square Feet: 19166.4 sq ft
- Lot Size Acres: 0.44 sq ft
- MLS ID: 40745637
Description
-
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.
Show all description
Location
- Parking Total: 22
- Directions: King Street East to Dolph Street.
Building Details
- Number Of Units Total: 20
- Building Area Total: 13600 sq ft
- Number Of Buildings: 0
- Parking Features: Asphalt
- Construction Materials: Vinyl Siding
- Roof: Asphalt Shing
Amenities & Features
- Water Source: Municipal
- Appliances: Refrigerator, Stove
- Sewer: Sewer (Municipal)
- Cooling: Wall Unit(s)
- Interior Features: Separate Hydro Meters
- Heating: Baseboard