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 ro...oming-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.
Full Property Details
General
Business Type
Apts - 13 To 20 Units
Retail Area
4813.00 Sq Ft
Total Area
0.14 Acres
Sprinklers
Partial
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Apts - 13 To 20 Units
Retail Area
4813.00 Sq Ft
Total Area
0.14 Acres
Sprinklers
Partial
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Gas Forced Air Closed
Air Conditioning
Partial
Washrooms
0
Heating Fuel
Gas Forced Air Closed
Air Conditioning
Partial
Exterior
Depth
80.16
Front
75.41
Lot Size
75 x 80.16 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
(F)C1RM1
Depth
80.16
Front
75.41
Lot Size
75 x 80.16 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
(F)C1RM1
Building Description
Home Type
Commercial
Subtype
Investment
Water Supply
Municipal
Possession Date
9/28/2026
Home Type
Commercial
Subtype
Investment
Water Supply
Municipal
Possession Date
9/28/2026
Taxes & Fees
Taxes
$33,007.24 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$33,007.24 /yr
Tax Year
2026
Occupancy
Tenant
Similar Properties(No results)
Mortgage Calculator
Calculate your estimated monthly mortgage payment
Price
$3,800,000
$
%
%
Total cost of mortgage
$0
Monthly payment
By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).
The accuracy and applicability of this calculator are not guaranteed.