
1188 QUEENSTON Road
Cambridge, Ontario
3 bed • 4 bath • Multi-family
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.
Price History
Schools
Elementary
- Grand View Public School0.2 km
Public · Waterloo Region DSB · 250 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 39% met the provincial standard
- St Michael Catholic Elementary School0.8 km
Catholic · Waterloo CDSB · 310 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 31% met the provincial standard
- Preston Public School0.8 km
Public · Waterloo Region DSB · 315 students
Grade 3 reading: 75% met the provincial standard · Grade 6 math: 41% met the provincial standard
Secondary
- Preston High School1 km
Public · Waterloo Region DSB · 855 students
Grade 10 literacy: 77% met the provincial standard
- Galt Collegiate and Vocational Institute3.7 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School4.1 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 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
- 1,248
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,248 recorded sales of multi-family properties in Cambridge over the last 12 months.
Location
Mortgage Calculator
$220,000
Estimated Monthly Payment
$5,404
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,404/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $275/mo
Estimates only. Consult a financial advisor.
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