916 Queenston Road, Cambridge, ON N3H 3K8

$1,495,000
7
BD
6
BA
3,500
SqFt

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List Price
$1,495,000
MLS#
X13849182
Status
ACTIVE
Type
Multifamily
SubType
Multiplex
Style
2-Storey
Bedrooms
7
Bathrooms
6
Living Area
3500-5000
Province
ON
Municipality
Cambridge
Area
Waterloo
Subdivision
Queenston Rd & Lowther St S

Property 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.

Additional Information

Taxes
$9,360
Heat Type
Radiant
Heat Source
Electric
Air Conditioning
None
Kitchens
6
Exterior
Stone
Garage Type
None
Pool
None
Parking Spaces
9

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Listing courtesy of RE/MAX OPTIMUM REALTY.