$1,250,000
125 Schlueter Street, Cambridge, ON N3H 4B4
Preston
Listing courtesy of RE/MAX RIGHT MOVE
Preston · N3H 3K8
$1,495,000
$427 / sq ft1 months on market
Rare multi-family investment opportunity at 916 Queenston Road, Cambridge, featuring a distinctive 1920s Arts & Crafts mansion together with a detached rear duplex on a prominent approximately 0.4-acre inner-city corner lot. The property offers six residential units in total, combining strong existing rental income with exceptional character and future upside. The approximately 4,800 sq. ft. main residence showcases cut-sandstone veneer over solid brick construction and retains impressive original craftsmanship, including gum wood baseboards and doors, clear pine woodwork, and two main-floor fireplaces.The vacant master wing offers approximately 1,600 sq. ft. of expansive living space and has been carefully preserved, making it ideal for an owner-occupier, executive rental, or premium repositioning opportunity. The balance of the property includes additional income-producing units in the main house along with two one-bedroom units in the detached rear duplex. A partially finished walk-out basement with approximately 8-ft ceilings provides additional flexibility. The lower/basement-level unit is conveniently located next to the laundry room and also features a rough-in for an additional full washroom. Set on a substantial corner parcel with roughly one-third of the lot remaining open, the property may also offer future infill or accessory development potential, subject to municipal approvals. A compelling opportunity for investors seeking a unique combination of architectural character, diversified rental income, vacant-unit upside, and long-term redevelopment potential in Cambridge.
20 rooms. Dimensions as published by the listing brokerage.
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living Room | Main | — | — |
| Bedroom | Main | 4.34 × 3.66 m14.2 × 12.0 ft | Hardwood Floor · Window |
| Kitchen | Main | 5.94 × 3.43 m19.5 × 11.3 ft | Concrete Floor · Window |
| Family Room | Main | 5.79 × 5.26 m19.0 × 17.3 ft | Hardwood Floor · Fireplace · Open Concept |
| Living Room | Main | 8.64 × 3.56 m28.3 × 11.7 ft | Hardwood Floor · Open Concept |
| Kitchen | Main | — | — |
| Bedroom | Main | 3.05 × 2.29 m10.0 × 7.5 ft | Hardwood Floor · Window |
| Living Room | Main | 4.55 × 3.89 m14.9 × 12.8 ft | Fireplace |
| Kitchen | Upper | — | — |
| Bedroom | Upper | — | — |
| Den | Upper | — | — |
| Kitchen | Upper | 4.17 × 3.10 m13.7 × 10.2 ft | Window |
| Bedroom | Upper | 4.88 × 3.66 m16.0 × 12.0 ft | Hardwood Floor · Window |
| Bedroom 2 | Upper | 4.88 × 3.05 m16.0 × 10.0 ft | Hardwood Floor · Window |
| Bedroom | Upper | — | — |
| Living Room | Upper | 4.27 × 3.66 m14.0 × 12.0 ft | Hardwood Floor · Window |
| Living Room | Upper | — | — |
| Kitchen | Upper | — | — |
| Living Room | Lower | — | Window |
| Bedroom | Lower | — | Window |
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced above most comparable listings — about 94% of comparable multiplex listings in Cambridge are asking less.
Based on 17 comparable active multiplex listings in Cambridge. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $1,495,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RE/MAX OPTIMUM REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
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$1,250,000
Preston
Listing courtesy of RE/MAX RIGHT MOVE