1123 Queenston Road, Cambridge ON

About 1123 Queenston Road

*****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. (id:56071). Get more information on 1123 Queenston Road

Property Features

Features:  Paved driveway, Laundry- Coin operated
Rental Equipment:  Other, Water Heater
Directions:  King Street East to Dolph Street.
Zoning Description:  M1
Interior Size:  13600 sqft
Access:  Highway access
Lot:  0.44 ac|under 1/2 acre 0.44
Exterior Finish:  Vinyl siding
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   / Wall unit
Age: 
Basement:  Partial (Partially finished) Partially finished

Rooms & Sizes