23 GLEN Road
Cambridge, Ontario
Multi-family
23 Glen Road presents a rare opportunity to acquire a well-maintained 8-plex multifamily investment property comprised of highly sought-after 2-bedroom townhome units. This asset offers strong, stable income supported by long-term tenants and pride of ownership throughout. The property has been carefully maintained over the years, minimizing immediate capital expenditures while providing investors with confidence in long-term performance. An added bonus is the existing government-backed solar contract, creating an additional revenue stream and enhancing overall returns. On-site, a large maintenance building provides ample space for storage, equipment, and efficient property upkeep—an attractive feature for hands-on investors or property managers. Ideally located close to a wide range of amenities including shopping, transit, schools, and everyday conveniences, 23 Glen Road appeals to both tenants and investors alike. A turnkey investment opportunity combining stability, additional income potential, and long-term upside in a desirable rental market.
Price History
Schools
Elementary
- St Peter Catholic Elementary School0.2 km
Catholic · Waterloo CDSB · 310 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 57% met the provincial standard
- Avenue Road Public School0.3 km
Public · Waterloo Region DSB · 495 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 34% met the provincial standard
- Manchester Public School0.6 km
Public · Waterloo Region DSB · 340 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 37% met the provincial standard
Secondary
- Galt Collegiate and Vocational Institute1 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School2 km
Catholic · Waterloo CDSB · 1955 students
Grade 10 literacy: 90% met the provincial standard
- Glenview Park Secondary School3.4 km
Public · Waterloo Region DSB · 1055 students
Grade 10 literacy: 85% 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 N1R
- Population
- 42,928
- Private dwellings
- 18,081
- Median age
- 40.8
- Average household size
- 2.5
- Median household income
- $77,000
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
- $675,000
- Homes sold
- 1,255
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,255 recorded sales of multi-family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$400,000
Estimated Monthly Payment
$9,825
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $9,825/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $500/mo
Estimates only. Consult a financial advisor.
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