163 FOUNTAIN Street
Cambridge, Ontario
5 bed • 2 bath • Multi-family
Located minutes from Highway 401, near the border of Kitchener and within walking distance to Toyota, this large yellow brick century home offers a prime investment opportunity in a high-demand commuter rental area. Offering approximately 2,600 sq ft, the property is currently configured as a side-by-side duplex with two self-contained units: one 3-bedroom and one 2-bedroom, for a total of 5 bedrooms and 2 bathrooms. Both tenants are willing to stay, providing immediate rental income, or buyers can choose to live in one unit and rent the other as a strong mortgage helper. The home features spacious principal rooms, two staircases, and century-home character, presenting significant upside for investors looking to add value through updates or improved rents. Ideally located steps from a major park and walking distance to downtown Preston in Cambridge, the property benefits from strong rental fundamentals, and excellent commuter access. A versatile opportunity to hold as a duplex, renovate for increased returns, or convert into a stunning single-family heritage home.
Price History
Schools
Elementary
- Parkway Public School0.9 km
Public · Waterloo Region DSB · 350 students
Grade 3 reading: 97% met the provincial standard · Grade 6 math: 59% met the provincial standard
- Preston Public School1 km
Public · Waterloo Region DSB · 315 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 41% met the provincial standard
- St Joseph Catholic Elementary School1.3 km
Catholic · Waterloo CDSB · 280 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 70% met the provincial standard
Secondary
- Preston High School1.1 km
Public · Waterloo Region DSB · 855 students
Grade 10 literacy: 77% met the provincial standard
- ÉSC Père-René-de-Galinée2.8 km
French Catholic · CS catholique MonAvenir · 495 students
Grade 10 literacy: 94% met the provincial standard
- Jacob Hespeler Secondary School4.6 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N3H
- Population
- 24,306
- Private dwellings
- 10,220
- Median age
- 40.8
- Average household size
- 2.5
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Cambridge · last 12 months
- Median sold price
- $678,000
- Homes sold
- 1,245
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,245 recorded sales of multi-family properties in Cambridge over the last 12 months.
Location
Street View
Mortgage Calculator
$109,800
Estimated Monthly Payment
$2,697
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,697/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $137/mo
Estimates only. Consult a financial advisor.
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