Income Property for Sale –Legal 4-Plex |Parking | Mixed-Use Zone

Investor Opportunity – Legal 4-Unit Income Property in Downtown Cambridge

Serious investors take note. Opportunities to acquire a legal 4-plex with strong income and flexible commercial-residential zoning in the Cambridge core are increasingly limited.

115 Ainslie St. N offers stable cash flow today with the added benefit of future value-add and redevelopment potential under C1RM1 zoning.

This property is well positioned for investors seeking immediate rental income combined with long-term upside in a growing downtown market.



Investment Highlights

Legal 4-unit residential income property

Approx. $84K gross annual rental income

Estimated NOI ~$51K

Approximately 6% cap rate at current pricing

Additional income-generating office space (buyer to verify permitted use)

Two on-site storage units providing additional income potential

Eight on-site parking spaces

Individually metered electrical service

Two tenants currently paying their own hydro

Unfinished basement with sprinkler system

Located in the heart of Downtown Cambridge

Zoning & Future Potential

The property is zoned C1RM1 – Commercial Residential Mixed Use, allowing a wide range of potential uses including residential, commercial, and mixed-use redevelopment (buyer to verify permitted uses with the City of Cambridge).



For investors, this creates multiple long-term strategies, including:

Holding for stable rental income

Increasing rents over time

Commercial or mixed-use conversion potential

Future redevelopment in a growing downtown corridor

Properties offering both current cash flow and zoning flexibility are increasingly difficult to find in the Cambridge core.



Location Advantages:

115 Ainslie St. N is ideally located within Downtown Cambridge, providing strong tenant demand and walkable access to amenities.

Nearby features include:

-Public transit access

-Downtown restaurants and shops

-The Grand River

-Civic and commercial services

-Growing revitalization and development activity in the Cambridge core

-This location supports consistent rental demand and long-term property appreciation.

Why Opportunities Like This Are Rare?

Legal multi-unit properties in downtown Cambridge with strong income, parking, and flexible zoning rarely become available.

For investors seeking a stable income property with future upside potential, this asset represents a compelling opportunity.

Serious Investor Inquiries

Full financials including rent roll, T12 income statement, and supporting documentation are available for qualified buyers.

If you are looking for a cash-flowing investment property in Cambridge, reach out for additional details.



Gary Spencer

Realtor – Century 21 Signature Service

647-267-1599

gary.spencer@century21.ca