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
Kitchen
Main Level
2.9 x 3.35
Bedroom
Main Level
3.63 x 3.35
Bathroom
Main Level
1.52 x 1.85
Kitchen
Main Level
2.51 x 3.33
Living Room
Main Level
3.28 x 3.33
Bathroom
Main Level
1.52 x 2.26
Bedroom
Main Level
3.38 x 2.79
Kitchen
Second Level
4.04 x 2.82
Bedroom
Second Level
3.17 x 3.28
Bedroom 2
Second Level
3.35 x 2.74
Living Room
Second Level
4.19 x 3.38
Living Room
Second Level
4.19 x 3.38
Kitchen
Second Level
1.83 x 3.17
Living Room
Second Level
4.52 x 3.86
Bedroom
Second Level
2.77 x 2.44
Bathroom
Second Level
1.52 x 3.17
Office
Main Level
3.45 x 2.84
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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?