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Pemberton Holmes Ltd.

mihom.ca is operated by Dan Robbins, REALTOR®, Pemberton Holmes Ltd.

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916 Queenston Road
homes for sale · Cambridge
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$1,495,000

916 Queenston Road

Cambridge · MLS® X13849182

769

House · Multi-family · 23 days on market

listed by PARVEEN ARORA, RE/MAX OPTIMUM REALTY

realtor's description

Rare multi-family investment opportunity at 916 Queenston Road, Cambridge, featuring a distinctive 1920s Arts & Crafts mansion together with a detached rear duplex on a prominent approximately 0.4-acre inner-city corner lot. The property offers six residential units in total, combining strong existing rental income with exceptional character and future upside. The approximately 4,800 sq. ft. main residence showcases cut-sandstone veneer over solid brick construction and retains impressive original craftsmanship, including gum wood baseboards and doors, clear pine woodwork, and two main-floor fireplaces.The vacant master wing offers approximately 1,600 sq. ft. of expansive living space and has been carefully preserved, making it ideal for an owner-occupier, executive rental, or premium repositioning opportunity. The balance of the property includes additional income-producing units in the main house along with two one-bedroom units in the detached rear duplex. A partially finished walk-out basement with approximately 8-ft ceilings provides additional flexibility. The lower/basement-level unit is conveniently located next to the laundry room and also features a rough-in for an additional full washroom. Set on a substantial corner parcel with roughly one-third of the lot remaining open, the property may also offer future infill or accessory development potential, subject to municipal approvals. A compelling opportunity for investors seeking a unique combination of architectural character, diversified rental income, vacant-unit upside, and long-term redevelopment potential in Cambridge.

property details

type
House, Multi-family
bedrooms
7
bathrooms
6
parking
9
property tax
$9,360 / yr
days on market
23
MLS®
X13849182

features

  • Washer
  • Refrigerator
  • Dishwasher
  • Stove
  • Dryer

monthly cost

$7,294/mo
Mortgage $6,514 · Tax $780

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$6,514/ monthly
loan $1,196,000
25-year amortization
total interest
$758,071
cash to close
$299,000
down payment; transfer tax and fees not included
total paid
$1,954,071

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

CambridgeGoogle Maps ↗

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listed by
PARVEEN ARORA
RE/MAX OPTIMUM REALTY
call PARVEEN · 905-488-1260
Powered by: REALTOR.ca
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location

CambridgeGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

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