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Joseph Bitton B.A., LL.B., Broker.

bitton@torontorealestate4u.com +1(416) 801-8600

$ 799,900

Est. payment -/mo

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Price Dropped by $25K

115 Ainslie ST N Cambridge, ON N1R 3P2

6 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

MLS Listing ID X12878092

Style 2-Storey

Bedrooms 6

Annual Tax Amount $5,760

Tax Year 2025

Property Sub-Type Fourplex

Property 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.

Location

State ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Basement Unfinished

Kitchen 4

Interior

Interior Features Carpet Free, Separate Hydro Meter, Storage Area Lockers, Sump Pump, Water Softener

Cooling None

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Lighting, Paved Yard, Privacy

Parking Features Available

Pool None

Roof Type Asphalt Shingle

Topography Level

Lot Frontage 27.0

Lot Depth 146.34

Total Parking Spaces 8

Building

Unit Features Hospital,Library,Place Of Worship,Public Transit,River/Stream,School

Foundation Concrete, Stone

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Virtual Tour https://www.myvisuallistings.com/cvtnb/362236

Listed by Century 21 Signature Service

GET MORE INFORMATION

+1(416) 801-8600

bitton@torontorealestate4u.com

www.torontorealestate4u.com

Toronto