66 QUEEN Street
Cambridge, Ontario
Multi-family
The property features an ideal unit mix of one 2-bedroom unit, two 1-bedroom units, and one bachelor unit, all beautifully updated with modern finishes and meticulously maintained. Fully occupied and generating consistent rental income, this turnkey property offers an effortless transition for a new owner with no renovations or immediate work required. Situated on a generous lot with 6 dedicated parking spaces, tenants enjoy an unbeatable location just steps from Hespeler's vibrant restaurants, cafés, boutique shops, parks, and the scenic Speed River. Combining quality renovations, dependable rental income, an attractive 5.74% cap rate, and one of Cambridge's most walkable neighbourhoods, this is a rare opportunity to acquire a low-maintenance, income-producing asset in a highly desirable location.
Price History
Schools
Elementary
- Centennial (Cambridge) Public School0.8 km
Public · Waterloo Region DSB · 215 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 36% met the provincial standard
- Hespeler Public School1.2 km
Public · Waterloo Region DSB · 650 students
Grade 3 reading: 66% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Our Lady of Fatima Catholic Elementary School1.2 km
Catholic · Waterloo CDSB · 375 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 53% met the provincial standard
Secondary
- Jacob Hespeler Secondary School1.4 km
Public · Waterloo Region DSB · 1070 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School4.3 km
Catholic · Waterloo CDSB · 1955 students
Grade 10 literacy: 90% 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 N3C
- Population
- 27,518
- Private dwellings
- 9,657
- Median age
- 38.8
- Average household size
- 2.9
- Median household income
- $114,000
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
- 1,263
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,263 recorded sales of multi-family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$225,000
Estimated Monthly Payment
$5,527
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,527/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $281/mo
Estimates only. Consult a financial advisor.
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