An exciting opportunity to acquire a fully tenanted, four-plex in the heart of Preston. Each self-contained, two-story townhome offers 980 sq. ft. of living space, featuring two bedrooms, one four-piece bathroom, a kitchen, a bright living area, a private backyard, and a dedicated driveway with parking for three vehicles. Situated near the Grand River and downtown Preston, tenants enjoy easy access to walking trails, local shops, and the core of Cambridge, driving steady rental demand. Fully occupied by fantastic, reliable tenants, the building delivers consistent, turnkey rental income from day one. A solid, low-maintenance investment combining steady income, great tenants, and a prime location.
8 bedrooms, 4 bathrooms, about 3,500 sq ft, works out to roughly $286 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 1561-1567 Queenston Rd
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
12 spaces
Basement
Crawl Space
Features & systems
Parking & garage
Parking spaces
12
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Multiplex
1561-1567 Queenston Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,912
/mo
based on the purchase price of $999,900
$199,980 cash
$799,920 financed
$673,743 total interest
Principal54%$799,920
Interest46%$673,743
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Cambridge
Other 7-bed homes for sale in Cambridge around $1000K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings440Homes for sale here right now.
Median vs prior 90 days+1.1%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 457 sales from Jul 24 – Oct 22, 2026 (374 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1561-1567 Queenston Rd
How much is 1561-1567 Queenston Rd listed for?
1561-1567 Queenston Rd is listed at $999,900 (MLS® X13710780). Summitly updates the price as soon as the MLS® record changes.
Is $999,900 a good price for 1561-1567 Queenston Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Cambridge. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1561-1567 Queenston Rd changed?
Yes — it was first listed at $1,150,000 and is now $999,900, a drop of $150,100 (13.1%).
How many bedrooms and bathrooms does 1561-1567 Queenston Rd have?
1561-1567 Queenston Rd has 8 bedrooms and 4 bathrooms, with about 3,500–5,000 square feet of living space. It is a multiplex in Cambridge.
How much would the monthly mortgage be on 1561-1567 Queenston Rd?
About $4,912 a month — principal and interest on $999,900 with 20% down ($199,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1561-1567 Queenston Rd compare with other homes in Cambridge?
Its asking price of $999,900 is about 47% above the median sold price in Cambridge over the last 90 days, $682,500, across 457 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1561-1567 Queenston Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1561-1567 Queenston Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1561-1567 Queenston Rd?
1561-1567 Queenston Rd is in Cambridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1561-1567 Queenston Rd been on the market?
58 days — 1561-1567 Queenston Rd was listed on August 25, 2026.
What is the price per square foot of 1561-1567 Queenston Rd?
About $200 to $286 per square foot: the asking price of $999,900 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 1561-1567 Queenston Rd have parking or a garage?
Yes — the listing gives 12 parking spaces.
Does 1561-1567 Queenston Rd have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
