$799,900
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42 Market Street, Cambridge on N1R 3T2, Cambridge, ON N1R 3T2

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8 Beds
4 Baths
3,520 Sq Ft

Rare downtown Cambridge four-plex investment offering stable income and exceptional tenant amenities. This fully occupied property generates over $77, 000 in gross annual income with an approximate 5.76% cap rate, making it an attractive addition to an investors portfolio. The building consists of four well-sized 2-bedroom, 1-bath units, each with its own private single-car garage, a feature rarely found in comparable multi-unit properties and highly valued by tenants. Each unit enjoys equal access to a private rear patio, while the property provides common laundry facilities and additional on-site parking. The property benefits from steady tenants, contributing to reliable and consistent rental income. Another key highlight is the C1RM1 zoning, which permits a range of commercial and mixed-use uses in addition to residential, offering flexibility for investors seeking future repositioning opportunities, redevelopment potential, or owner-occupancy with a business component, subject to municipal approvals. Situated steps from public transit and minutes from Downtown Galt, the property is close to restaurants, shops, the Gaslight District, the University of Waterloo School of Architecture, the Cambridge Farmers Market, Mill Race Park, and the Grand River, all of which help support strong tenant demand. A compelling opportunity for investors seeking stable cash flow today with long-term upside through flexible zoning and a downtown location.

Listing By: Walter Monteiro - RE/MAX REAL ESTATE CENTRE INC. BROKERAGE-3 cnitso Realty.com
  • MLS® 40810206
  • Date Listed03/06/2026
  • Days on Realty 92 Days
  • Bedrooms 8
  • Bathrooms 4 baths
  • Lot Size -
  • County Waterloo
  • Year Built 1967
  • Square Feet 3,520 sq. ft
  • Price Per Sq. Ft $227.24

Interior Features

  • Appliances Dryer, Refrigerator, Stove, Washer
  • Cooling None
  • Heating Baseboard, Electric

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Ample Parking, City Lot, Hospital, Library, Place of Worship, Playground Nearby, Public Transit, Schools, Shopping Nearby

Directions

AINSLIE ST N

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N1R 3T2

Discover key demographics, population statistics, and environmental insights for the Cambridge, ON area.

Walkability in ON / N1R 3T2

Source: Walk Score

94/100

Walker's Paradise

Walk Score ®

56/100

Good Transit

Transit Score ®

65/100

Bikable

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

9 nearby routes: 9 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 29/100, Bike Score: 42/100.

Points of Interest near 42 Market Street, Cambridge ON N1R 3T2, Cambridge, ON N1R 3T2

Frequently Asked Questions for 42 Market Street, Cambridge ON N1R 3T2

Source: Realty.com

42 Market Street, Cambridge ON N1R 3T2, Cambridge, ON N1R 3T2 in Cambridge, ON N1R 3T2 is a multi family listed at $799,900. Highlights include 8 bedrooms, 4 bathrooms, 3,520 sq. ft., built in 1967, $227 per sq. ft.. Realty.ca has 4 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 4 photos of 42 Market Street, Cambridge ON N1R 3T2.

Our records indicate that 42 Market Street, Cambridge ON N1R 3T2 was built in 1967.

The full address for this home is 42 Market Street, Cambridge ON N1R 3T2, Cambridge, ON N1R 3T2.

42 Market Street, Cambridge ON N1R 3T2 has been listed on Realty.com since Fri March 06, 2026

Daily errands do not require a car. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 29/100, Bike Score: 42/100.

Listing provided courtesy of: Re/max Real Estate Centre Inc. Brokerage-3 - itso (tel: 519-623-6200)
Listing agent: Walter Monteiro (tel: 519-240-0360)

This content last refreshed on 2026-06-06 08:04:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.