Business For Sale · Multifamily

916 QUEENSTON ROAD, Cambridge

916 QUEENSTON ROAD, Cambridge, ON N3H3K8

$1.5M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

93%

Lot Size

0.38 ac

About this property

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. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $449K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$66K

Annual cash flow

$-17K

Cash-on-cash

-3.70%

DSCR

0.80

Going-in cap

4.43%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

42,558

Households

17,086

Median income

$90,500

Median age

44.8

Daytime population

63,627

5-yr growth

6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 916 QUEENSTON ROAD, Cambridge.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.