More Photos

×

    For Sale - 115 Ainslie Street, Cambridge, Ontario

    Est payment $3,961/mo
    Get pre-qualified
    Views   2
    Time on Jump  21 day

    AI Summary *

    • Legal 4-plex with additional income space for flexible use.
    • Currently generating approximately $84K in annual gross rental income.
    • Established tenancies ensure stable rental income for investors.
    • Zoned for mixed residential and commercial uses in a prime area.
    • Close to Downtown Cambridge, offering desirable amenities and tenant demand.




    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.
    Listing IDX12878092
    Address115 Ainslie Street
    CityCambridge, Ontario
    Price$824,900
    Bed / Bath6 / 5 Full
    Style2-Storey, Fourplex
    ConstructionBrick, Vinyl Siding
    Land Size4757.64
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Carpet Free, Separate Hydro Meter, Storage Area Lockers, Sump Pump, Water SoftenerOutdoor Features Deck, Lighting, Paved Yard, PrivacyAmenities Hospital, Library, Place Of Worship, Public Transit, River/Stream, SchoolOwnership FreeholdAppliances ParkingBasement UnfinishedFoundation Concrete, StoneHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 8.00
    ASAP

    Fri

    3

    Apr

    Sat

    4

    Apr

    Sun

    5

    Apr

    Mon

    6

    Apr

    Tue

    7

    Apr

    Wed

    8

    Apr

    Thu

    9

    Apr

    Fri

    10

    Apr

    Sat

    11

    Apr

    Sun

    12

    Apr

    Mon

    13

    Apr

    Tue

    14

    Apr

    Wed

    15

    Apr

    Thu

    16

    Apr

    Fri

    17

    Apr

    Sat

    18

    Apr

    Sun

    19

    Apr

    Mon

    20

    Apr

    Tue

    21

    Apr

    Wed

    22

    Apr

    Thu

    23

    Apr

    Fri

    24

    Apr

    Sat

    25

    Apr

    Sun

    26

    Apr

    Mon

    27

    Apr

    Tue

    28

    Apr

    Wed

    29

    Apr

    Thu

    30

    Apr

    Fri

    1

    May

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  Century 21 Signature Service

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    Hunt (lot#6) Street
    Clarington, Ontario.
    5 Beds | 5 Baths
    $1,275,000
    0 (lot #5) Victoria Street
    Clarington, Ontario.
    4 Beds | 3 Baths
    $1,200,000
    Victoria (lot #2) Street
    Clarington, Ontario.
    4 Beds | 3 Baths
    $1,200,000
    Lot 1 Avery Place
    Perth East, Ontario.
    5 Beds | 5 Baths
    $1,289,000
    Duke (lot #1) Street
    Clarington, Ontario.
    5 Beds | 4 Baths
    $1,275,000
    44 Breckenridge Drive
    Kitchener, Ontario.
    3 Beds | 2 Baths
    $549,900
    116 Main Halyard Lane
    Barrhaven, Ontario.
    4 Beds | 3 Baths
    $699,000
    39 Coulter Street
    Perth East, Ontario.
    4 Beds | 3 Baths
    $999,000
    79 Wellspring Avenue
    Richmond Hill, Ontario.
    4 Beds | 4 Baths
    $1,999,900
    Loading...
    115 Ainslie Street
    Cambridge , Ontario
    6 5 $824,900
    Get more info