4,728 sqft
None
Radiant Heat
$1,495,000
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:47351)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
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MLS® Number
|
X13849506 |
|
Property Type
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Multi-family |
|
Features
|
Irregular Lot Size |
Building
|
Cooling Type
|
None |
|
Heating Type
|
Radiant Heat |
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Size Interior
|
4,728 Sqft |
|
Type
|
Multi-family |
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Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
165 Ft ,2 In |
|
Size Frontage
|
91 Ft |
|
Size Irregular
|
0.38 |
|
Size Total
|
0.38 Ac |
|
Size Total Text
|
0.38 Ac |
|
Zoning Description
|
R4 |
https://www.realtor.ca/real-estate/30350854/916-queenston-road-cambridge