916 QUEENSTON ROAD
Cambridge, Ontario
MLS® X13849506
$1,495,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13849506
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
Listing description
Exceptional commercial investment opportunity in Cambridge featuring a six-unit multi-residential income property on an approximately 0. 4-acre inner-city corner lot. The offering includes a substantial 1920s Arts & Crafts main building of approximately 4,800 sq.
ft. together with a detached rear duplex, creating a diversified six-unit rental asset. The property combines established income with significant value-add potential.
A vacant approximately 1,600 sq. ft. main-floor unit provides an opportunity for premium leasing, owner occupancy, or repositioning, while the remaining units contribute ongoing rental income.
The main building retains distinctive architectural character, including cut-sandstone veneer, solid brick construction, original woodwork, and two main-floor fireplaces. Additional features include a partially finished walk-out basement with approximately 8-ft ceilings, multiple entrances, separate hydro for the rear duplex, and a substantial portion of open land that may offer future infill or accessory development potential, subject to municipal approvals. A unique opportunity for investors seeking income, character, land value, and long-term redevelopment potential in a well-positioned Cambridge location.
Property summary
- MLS® number
- X13849506
- Property type
- Multi-family
- Building type
- Multi-Family
- Size
- 4,728 sq ft
- Land size
- 0.38 acres
- Annual property taxes
- $9,360.41
- Days on market
- 9 days
Features & details
- Heating
- Radiant heat
- Cooling
- None
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $1,495,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX OPTIMUM REALTY, MISSISSAUGA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.