$824,900

Fourplex

115 Ainslie Street, Cambridge, ON

2 DAYS
6
5
0
2500-3000
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Listed by Century 21 Signature Service

Property Highlights

Parking

8 spaces

Property Tax

$5,761/yr

Lot Size

< .50 ac

Style

2-Storey

Basement

Unfinished

Monthly Cost

$3,963/mo

About This Home

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.

Monthly Cost

Monthly Mortgage$3,483
Property Tax ($5,761/yr)$480
Total$3,963

Price & Listing History

Schools

Location

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Rooms

Main Level

Bathroom: 2.26m × 1.52m
Bathroom: 1.85m × 1.52m
Office: 2.84m × 3.45m
Kitchen: 3.35m × 2.90m
Kitchen: 3.33m × 2.51m
Bedroom: 2.79m × 3.38m
Bedroom: 3.35m × 3.63m
Living Room: 3.33m × 3.28m

Second Level

Living Room: 3.38m × 4.19m
Bedroom: 3.28m × 3.17m
Bathroom: 3.17m × 1.52m
Bedroom 2: 2.74m × 3.35m
Bedroom: 2.44m × 2.77m
Kitchen: 3.17m × 1.83m
Living Room: 3.86m × 4.52m
Kitchen: 2.82m × 4.04m
Living Room: 3.38m × 4.19m

Listing Presented By

Iryna Tarabanovska

Iryna Tarabanovska

REALTOR®

+1 (647) 570-8221
iryna.tarabanovska@cirealty.com
CiRealty, Brokerage

CiRealty, Brokerage