New ListingExceptional 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.
| MLS # | X13868862 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 1 |
| Listing Provided By | COLLIERS | X13868862 336803 |
| SQ Feet | 6,185 |
|---|---|
| Acreage | 0.14 |
| Cooling | Partial |
|---|
| Security Features | Partial |
|---|
| Utilities | Yes |
|---|
| Tax Annual Amount | 33007.24 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 2 N/S DICKSON ST, 3 N/S DICKSON ST PL 615 CAMBRIDGE AS IN WS678922 CITY OF CAMBRIDGE |
| Tax Year | 2026 |
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N1R 1T4 |
| Listing VS Median (in N1R 1T4) | |
Price: $3,800,000 low | high Med: $3,800,000 sqft: 6,185 low | high Med: 6,185 $ / sqft: $614 low | high Med: $614 On site: 1 low | high Med: 1 | |
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N1R 1T4 |
| Listing VS Median (in N1R 1T4) | |
Price: $3,800,000 low | high Med: $3,800,000 sqft: 6,185 low | high Med: 6,185 $ / sqft: $614 low | high Med: $614 On site: 1 low | high Med: 1 | |