368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com
115 Ainslie Street N, Cambridge, ON N1R 3P2
$824,900
  • Sale
  • Fourplex
  • 1 days ago
  • Updated: 2026-03-13

Overview

  • Fourplex
  • 6
  • 5
  • 8
  • 2500-3000
  • N/A

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.

Details

  • X12878092
  • 8
  • $824,900
  • Tenant
  • None
  • 4 + 4
  • 2-Storey
  • 6
  • 5
  • 2500-3000 Sqft
  • 4757.64 SquareFeet
  • N/A
  • Fourplex
  • Sale

Additional details

  • Radiant / Gas
  • F(C1RM1) Commercial Residential Mixed Use
  • $5760.78
  • 2025
  • PT LT 16 PL 444 CAMBRIDGE AS IN 220817, T/W 220817; CAMBRIDGE
  • N/A
  • N
  • 4757.64
  • Unfinished
  • None
  • Deck,Lighting,Paved Yard,Privacy
  • Hospital,Library,Place Of Worship,Public Transit,River/Stream,School
  • Municipal

Rooms

KitchenMain Level2.9 x 3.35
BedroomMain Level3.63 x 3.35
BathroomMain Level1.52 x 1.85
KitchenMain Level2.51 x 3.33
Living RoomMain Level3.28 x 3.33
BathroomMain Level1.52 x 2.26
BedroomMain Level3.38 x 2.79
KitchenSecond Level4.04 x 2.82
BedroomSecond Level3.17 x 3.28
Bedroom 2Second Level3.35 x 2.74
Living RoomSecond Level4.19 x 3.38
Living RoomSecond Level4.19 x 3.38
KitchenSecond Level1.83 x 3.17
Living RoomSecond Level4.52 x 3.86
BedroomSecond Level2.77 x 2.44
BathroomSecond Level1.52 x 3.17
OfficeMain Level3.45 x 2.84

360° Virtual Tour

Schools Nearby

Mortgage Calculator

  • Total Amount
  • Down Payment
  • Loan Term
  • Interest Rate
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Land Transfer Tax
  • CMHC

FAQ

  • What is the total square footage of the X12878092 - 115 Ainslie Street N, Cambridge, ON N1R 3P2?

    The total square footage of this property is 2500-3000 SqFt.

  • What schools near to X12878092 - 115 Ainslie Street N, Cambridge, ON N1R 3P2?

    .

RoofUp
Logo