$824,900
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115 Ainslie Street N, Cambridge, ON N1R3P2

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6 Beds
5 Baths
- Sq Ft

Legal 4-plex with additional income space under C1RM1 zoning offering residential cash flow today and commercial flexibility for the future. This income property currently generates approximately $84K in annual gross rental income. Based on historical operating expenses, the property reflects an estimated stabilized NOI of approximately $51K, providing investors with an attractive ~6%+ cap rate at the current asking price. Opportunities offering 6%+ cap rates in the Cambridge core are increasingly limited.The building benefits from established tenancies providing stable rental income, along with an additional income-generating office space (buyer to verify permitted use) and two on-site storage units. The property features eight on-site parking spaces in a paved parking lot and an unfinished basement equipped with a sprinkler system. Utilities are partially separated with individually metered electrical service, with two units currently paying their own hydro, helping reduce operating expenses.Zoned F(C1RM1) Commercial Residential Mixed Use, permitting a wide range of residential and commercial uses within Cambridge's intensification framework and supporting potential future redevelopment or mixed-use opportunities.Located near Downtown Cambridge amenities, transit, restaurants, shops and the Grand River, providing a desirable rental location with strong tenant demand.Financial information is based on the current rent roll (Jan - Mar 2026) and historical operating expenses (primarily 2024 actuals). Investor financial package available including T12 income statement, rent roll and zoning summary. Buyers to conduct their own due diligence and verify all financial information, expenses, zoning and permitted uses.Some interior photos were taken within the past three years prior to current tenant occupancy. (id:58753)

Listing By: Gary Spencer - Century 21 Signature Service cncrea2 Realty.com
  • MLS® X12878092
  • Date Listed03/12/2026
  • Days on Realty 139 Days
  • Bedrooms 6
  • Bathrooms 5 baths
  • Lot Size -
  • Sewer Other
  • Property Type Quadruplex
  • Water Public

Interior Features

  • Appliances Washer, Refrigerator, Water softener, Stove, Dryer, Window Coverings
  • Flooring Laminate, Vinyl
  • Cooling None
  • Heating Radiant heat, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Irregular lot size, Lighting, Level, Paved yard, Carpet Free, Sump Pump

Directions

Park Hill Rd West & Ainslie Street N

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N1R3P2

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

Walkability in ON / N1R3P2

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: 32/100, Transit Score: 28/100, Bike Score: 42/100.

Points of Interest near 115 AINSLIE STREET N, Cambridge, ON N1R3P2

Frequently Asked Questions for 115 AINSLIE STREET N

Source: Realty.com

115 AINSLIE STREET N, Cambridge, ON N1R3P2 in Cambridge, ON N1R3P2 is a quadruplex listed at $824,900. Highlights include 6 bedrooms, 5 bathrooms. Realty.ca has 43 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 43 photos of 115 AINSLIE STREET N.

The full address for this home is 115 AINSLIE STREET N, Cambridge, ON N1R3P2.

115 AINSLIE STREET N has been listed on Realty.com since Thu March 12, 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: 32/100, Transit Score: 28/100, Bike Score: 42/100.

Listing provided courtesy of: Century 21 Signature Service
Listing agent: Gary Spencer

This content last refreshed on 2026-07-29 10:35:35. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.