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About the Listing KW261 - KWKW4727,KWKW6458
*****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.
Listing Highlights for 1123 Queenston Rd
Interior Details
- Bedrooms: 24
- Bathrooms: 20 Full
- Appliances: Refrigerator, Stove, Intercom
- Air Cond: Wall Unit(s)
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 13600
- Below Ground Sq Ft: n/a
- Basement: Partial,Partially Finished
- Other: Separate Hydro Meters
- Water: Municipal
Exterior Details
- Lot Description: City Lot,Highway Access,Hospital,Open Spaces,Park,Playground Nearby,Public Parking,Regional Mall,Schools
- Garage Capacity: N/A
- Parking Spaces: 22
- Lot Dimensions: 105.33 x
- Zoning: M1
- Roof: Asphalt Shing
- Others:
- Sewer: Sewer (Municipal)
- Parking Features: Outside/Surface/Open,Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 226480040
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1123 Queenston Rd Cambridge, ON N3H 3L1
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