$1,250,000
For sale: Multiplex

Exceptional opportunity to own a well-maintained 6-plex with strong, reliable tenants. Nestled on a quiet residential street, this solid brick multi-residential property offers both stability and future growth potential. Conveniently located near downtown Preston, Riverside Park, Hespeler Road, the TMMC plant, Hwy 8, and Hwy 401, residents enjoy easy access to all amenities while benefiting from a peaceful neighborhood setting. With the proposed LRT expansion along Eagle Street, this property is positioned in a prime corridor for long-term value appreciation. Recent updates, excellent ongoing maintenance, and a roster of happy tenants make this a true turn-key investment. Whether you're expanding your portfolio or seeking a secure income property, this 6-plex combines location, quality, and future potential in one outstanding package.
Sold data
Multiplex homes in Cambridge took a median of 42 days to sell over the last 730 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 65, across 34 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 60 days.
The median sale price was $769,500.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 18% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
Based on 34 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Cambridge has 46 Fraser Institute–rated schools (38 elementary and 8 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$1,200,000
Multiplex558 LANSDOWNE DRIVE, Eastdale, Oshawa

$1,075,900
Multiplex81 INNISFIL STREET, Sanford, Barrie

$1,489,000
Multiplex50 WELLAND AVENUE, 451 - Downtown, St. Catharines

$999,900
Multiplex376 BURWELL STREET, East G, London East

$769,900
Multiplex235 HAMILTON ROAD, East L, London East

$899,900
Multiplex13 MCMASTER AVENUE, 768 - Welland Downtown, Welland

$1,424,900
Multiplex71 JOHN STREET E, Bradford, Bradford West Gwillimbury

$1,299,900
Multiplex55 WINNIETT Street, 2071 - Old West Brant, Brantford