Description

Listed by COLLIERS

Exceptional mixed-use investment opportunity in the heart of historic Downtown Cambridge. Located on a prominent corner at Dickson St & Ainslie St N, this three-storey property features 19 residential units and 3 street-front retail units totaling approx. 4,813 SF. The residential mix includes 10 rooming-house-style units, 2 studios, 4 one-bedrooms and 3 two-bedrooms, plus on-site laundry. Approximately $795,000 has been invested in capital improvements including suite renovations, roofing, windows, common areas, fire/life-safety systems and security upgrades. Ideally located near City Hall, the Cambridge Farmers' Market, Grand River, restaurants, shops, transit and downtown amenities. A key feature of the offering is the required assumption of the existing mortgage, carrying a favourable 4.00% interest rate with maturity on June 1, 2033. Based on the September 1, 2026 scheduled balance, the mortgage represents approximately 90% of the $3,800,000 asking price, offering qualified purchasers a compelling opportunity to acquire a well-located downtown asset with a low initial equity requirement.