Salehian.com 647-325-5000

15 Ainslie Street N

Cambridge, N1R 3J3

$699,999

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  • 5 bathrooms

Listed 49 days ago · MLS® X13733508

About this home

Excellent mixed-use investment opportunity in the heart of Downtown Cambridge. This well maintained, renovated two-storey commercial/residential building offers a diversified income stream with two main-floor commercial/office units and three residential apartments above. All three residential units are currently tenanted, with Unit 1 at $1,700/month, Unit 2 at $1,350/month, and Unit 3 at $1,700/month, providing $57,000 in annual residential rental income all inclusive. Main-floor Office/Retail Unit 1 is leased at $2950/month plus $120/month for utilities ($30,389.46 annually), while Unit 2 is currently vacant, offering an excellent opportunity for an additional rental income. Current gross rental income is $92,400 annually, excluding the vacant commercial unit 2. Each residential unit has a kitchen and a full washroom and in Commercial unit there is a powder room , kitchenette space and small crawl area which can be accessed from unit 1 main level . A strong opportunity for investors seeking a mixed-use property with established residential and commercial income. Total area 3866, retail/office 2000.

Details

Type
Commercial Retail
Lot
28 × 66 ft
Garage
None
Property tax
$6,200 (2025)
Municipality
Cambridge

Interior

Bathrooms
5 × bathroom

Heating, cooling and services

Heating
Baseboard
Air conditioning
Yes
Utilities
Available

Building and exterior

Building area
3,866 Square Feet

More

Possession
Immediate
Cross street
Ainslie St and Elliott Street

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 2 grocery stores, 14 cafés and restaurants, 13 parks, 1 pharmacy. Nearest grocery: Bairos Supermarket (250 m). Nearest park: Dalton Court (250 m).

Schools nearby

Elementary

  • Central Public School
    EQAO: Gr 6 reading 90%, math 38%    6 min walk
  • Highland Public School
    EQAO: Gr 6 reading 87%, math 46%    1.2 km
  • St. Anne Catholic Elementary School Catholic
    EQAO: Gr 6 reading 68%, math 27%    1.3 km
  • Manchester Public School
    EQAO: Gr 6 reading 89%, math 37%    1.4 km

Secondary

  • St. Andrew's Public School Catholic18 min walk
  • Galt Collegiate and Vocational Institute
    EQAO: Gr 9 math 68%, literacy test 83%    1.2 km
  • Glenview Park Secondary School
    EQAO: Gr 9 math 53%, literacy test 85%    1.5 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N1R

Owners / renters
59% / 41%
Median household income
$77,000
Average age
42
Children under 15
16%
Homes
46% detached, 10% high-rise
Commute by transit
5%
Population
42,928

Languages spoken most at home besides English: Portuguese 3.3%, Gujarati 1.5%, Urdu 1%, Spanish 0.7%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 18 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Billion Realty Inc..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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