$999,900
↓ $150,100 from $1,150,000
Est. payment $4,427/moCalculate yours
1561-1567 Queenston Road, Cambridge, ON N3H 3L8
Cambridge, ON N3H 3L8
- 8 Beds
- 4 Baths
- 3,500 Sq Ft
Listing courtesy of Coldwell Banker Neumann Real Estate MLS® X13710780
About this home
An exciting opportunity to acquire a fully tenanted, four-plex in the heart of Preston. Each self-contained, two-story townhome offers 980 sq. ft. of living space, featuring two bedrooms, one four-piece bathroom, a kitchen, a bright living area, a private backyard, and a dedicated driveway with parking for three vehicles. Situated near the Grand River and downtown Preston, tenants enjoy easy access to walking trails, local shops, and the core of Cambridge, driving steady rental demand. Fully occupied by fantastic, reliable tenants, the building delivers consistent, turnkey rental income from day one. A solid, low-maintenance investment combining steady income, great tenants, and a prime location.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Sold Conditional
- Size
- 3,500 sqft
Interior
- Bedrooms
- 8
- Bathrooms
- 4
- Kitchens
- 4
- Basement
- Crawl Space
Building & Systems
- Heating
- Radiant (Other)
- Cooling
- None
- Exterior
- Brick Veneer, Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Rolled
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 90.63 x 105.74 Feet
- Parking
- None garage · 12 total
Financial
- Property Taxes
- $5,383 (2025)
Location
- Cross Street
- King St. E and Bishop St. S.
- Direction Faces
- East
Listing
- MLS® Number
- X13710780
- Days on Market
- 54
- Listed On
- 2026-08-25
- Possession
- Flexible
- Listed By
- Coldwell Banker Neumann Real Estate
Rooms
Features
Interior
- Water Heater
Pool
- None
- Included
- Fridge x 4, Stove x 4,
- Excluded
- tenant's belongings, washer and dryer in units.
Mortgage calculator
Estimated mortgage payment
$4,427 per month
- Principal and interest
- $4,427
- Property tax
- $449
- Condo fees
- $0
- Estimated monthly cost
- $4,876
Your mortgage
- Mortgage amount
- $799,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $528,282
Cash to close
- Down payment
- $199,980
- Land transfer tax
- $16,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $216,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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