$1,100,000 - 1188 QUEENSTON Road, Cambridge
Multi-Family for Sale in Cambridge
New — Listed 5 days ago- MLS Number
- X13497468
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 5
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Cambridge
- Listing Brokerage
- RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
TURNKEY INVESTMENT OR MORTGAGE HELPER! This newly built property offers the ultimate in flexibility, thoughtfully designed to be sold seamlessly as a high-return legal duplex or a spacious bungalow with a pristine in-law suite. Engineered with modern multi-generational living and smart investing in mind. The main level boasts a bright, open-concept floor plan flooded with natural light and high-end finishes. The heart of the home is a gourmet kitchen featuring beautiful light wood cabinetry, a massive center island with a breakfast bar, a sleek black faucet, and an elegant modern chandelier. This space flows effortlessly into a spacious dining area and a welcoming living room, making it perfect for entertaining. Slide open the glass doors to step out onto a beautiful, raised wooden deck that overlooks a massive, lush green backyard-your own private outdoor oasis. The sleeping quarters are equally impressive, featuring a principal suite with double closets and a private ensuite bathroom, alongside a second bedroom that also enjoys its own dedicated ensuite. For extended family or tenants, the bright lower-level suite offers complete independence and comfort. It features a private entrance, large windows that invite plenty of sunshine, a full bedroom, bathroom, kitchen, and a comfortable living area. To ensure absolute privacy and functionality, the home is equipped with entirely separate laundry and mechanical rooms for each unit. Boasting excellent curb appeal with modern brick and dark siding accents, this turnkey property is situated in a highly desirable Preston neighbourhood. You are located just minutes from quick HWY 401 access, making commuting a breeze, and only a short stroll away from beautiful walking trails along the Grand River. With schools, shopping, and fantastic dining options close by, this versatile masterpiece is an incredible opportunity. Photos are virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$4,865.67/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Cambridge
Cambridge is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Cambridge
- •Convenient location in Cambridge
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Cambridge offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1188 QUEENSTON Road, Cambridge
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1000/sqft, this property is priced in line with current Cambridge market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Cambridge's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Cambridge properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.