1561-1567 Queenston Road
Cambridge, ON
- 8 bed
- 4 bath
- approx. 3500-5000 sqft
- Multiplex
- 22 days on market
An exciting opportunity to acquire a fully tenanted, four-plex in the heart of Preston. Each self-contained, two-story townhome offers 980 sq. ft. of living space, featuring two bedrooms, one four-piece bathroom, a kitchen, a bright living area, a private backyard, and a dedicated driveway with parking for three vehicles. Situated near the Grand River and downtown Preston, tenants enjoy easy access to walking trails, local shops, and the core of Cambridge, driving steady rental demand. Fully occupied by fantastic, reliable tenants, the building delivers consistent, turnkey rental income from day one. A solid, low-maintenance investment combining steady income, great tenants, and a prime location.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $5,383
- Originally Listed
- $1,150,000
- Listed
- August 25, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Brick Veneer, Vinyl Siding
- Roof
- Asphalt Rolled
- Foundation
- Concrete Block
- Interior
- Water Heater
- Lot Size
- 90.63 x 105.74 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 12
Utilities
- Sewer
- Sewer
- Heat Source
- Other
Location & Legal
- Cross Street
- King St. E and Bishop St. S.
- Parcel Number
- 037860032
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Fridge x 4, Stove x 4,
- Exclusions
- tenant's belongings, washer and dryer in units.
Schools
Elementary
- Grand View Public School0.8 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
- Blue Heron Public School0.9 km
Public · Waterloo Region DSB · 400 students
Grade 3 reading: 69% met the provincial standard · Grade 6 math: 42% met the provincial standard
Secondary
- Preston High School1.6 km
Public · Waterloo Region DSB · 855 students
Grade 10 literacy: 77% met the provincial standard
- Galt Collegiate and Vocational Institute3.2 km
Public · Waterloo Region DSB · 960 students
Grade 10 literacy: 83% met the provincial standard
- St Benedict Catholic Secondary School3.7 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
Residential Freehold in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,222
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,222 recorded sales of residential freehold properties in Cambridge over the last 12 months.
Rooms
4 × 4-piece
Second
- Bathroom6'6" x 8'2"
- Bedroom8'4" x 13'5"
- Primary Bedroom11'10" x 13'1"
Main
- Kitchen8' x 14'7"
- Laundry6'11" x 12'
- Living Room11'11" x 13'8"
Listed by
Coldwell Banker Neumann Real Estate
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$199,980
Estimated Monthly Payment
$4,912
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,912/mo (20% down, 5.5%)
Taxes: $449/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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