115 Ainslie Street N, Cambridge, ON

Real Estate

For Sale

Listed price in listed location currency (CAD).

$824,900

658

MLS® X12878092

Key Facts
Description
Rooms
Map

Key Facts

Type Quadruplex

Levels Residential

Size -

Garage No

Taxes $5,761

Days Active 0

Lot Size

Approx. Age

MLS® Number X12878092

Property Address: 115 Ainslie Street N, Cambridge, ON, N1R3P2

Average square foot calculated using Size range provided by listing agent.

Description

Legal 4-plex with additional income space under C1RM1 zoning offering residential cash flow today and commercial flexibility for the future. This income property currently generates approximately $84K in annual gross rental income. Based on historical operating expenses, the property reflects an estimated stabilized NOI of approximately $51K, providing investors with an attractive ~6%+ cap rate at the current asking price. Opportunities offering 6%+ cap rates in the Cambridge core are increasingly limited.The building benefits from established tenancies providing stable rental income, along with an additional income-generating office space (buyer to verify permitted use) and two on-site storage units. The property features eight on-site parking spaces in a paved parking lot and an unfinished basement equipped with a sprinkler system. Utilities are partially separated with individually metered electrical service, with two units currently paying their own hydro, helping reduce operating expenses.Zoned F(C1RM1) Commercial Residential Mixed Use, permitting a wide range of residential and commercial uses within Cambridge's intensification framework and supporting potential future redevelopment or mixed-use opportunities.Located near Downtown Cambridge amenities, transit, restaurants, shops and the Grand River, providing a desirable rental location with strong tenant demand.Financial information is based on the current rent roll (Jan - Mar 2026) and historical operating expenses (primarily 2024 actuals). Investor financial package available including T12 income statement, rent roll and zoning summary. Buyers to conduct their own due diligence and verify all financial information, expenses, zoning and permitted uses.Some interior photos were taken within the past three years prior to current tenant occupancy.

MLS® NumberX12878092

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNo

Approx. Age

BasementUnfinished

DrivewayGarage Type:None

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 12, 2026List Date

$824,900List Price

Commute

Commute

Starting Address

Destination Address

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