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Basara.

Cambridge · Preston South · Multi-family · MLS# 40842516

1188 QUEENSTON Road

$1,100,000

3

bed

4

bath

2,589

sqft

2024

built

Multi-family · $425/sqft

Listed June 24, 2026

About this home.

TURNKEY INVESTMENT OR MORTGAGE HELPER! This newly built property offers the ultimate in flexibility, thoughtfully designed to be sold seamlessly as a high-return legal duplex or a spacious bungalow with a pristine in-law suite. Engineered with modern multi-generational living and smart investing in mind. The main level boasts a bright, open-concept floor plan flooded with natural light and high-end finishes. The heart of the home is a gourmet kitchen featuring beautiful light wood cabinetry, a massive center island with a breakfast bar, a sleek black faucet, and an elegant modern chandelier. This space flows effortlessly into a spacious dining area and a welcoming living room, making it perfect for entertaining. Slide open the glass doors to step out onto a beautiful, raised wooden deck that overlooks a massive, lush green backyard—your own private outdoor oasis. The sleeping quarters are equally impressive, featuring a principal suite with double closets and a private ensuite bathroom, alongside a second bedroom that also enjoys its own dedicated ensuite. For extended family or tenants, the bright lower-level suite offers complete independence and comfort. It features a private entrance, large windows that invite plenty of sunshine, a full bedroom, bathroom, kitchen, and a comfortable living area. To ensure absolute privacy and functionality, the home is equipped with entirely separate laundry and mechanical rooms for each unit. Boasting excellent curb appeal with modern brick and dark siding accents, this turnkey property is situated in a highly desirable Preston neighbourhood. You are located just minutes from quick HWY 401 access, making commuting a breeze, and only a short stroll away from beautiful walking trails along the Grand River. With schools, shopping, and fantastic dining options close by, this versatile masterpiece is an incredible opportunity. Photos are virtually staged. (id:59491)

The full record.

Property typeMulti-family
Year built2024
Square footage2,589 sqft
Lot size0
Bedrooms3
Bathrooms4
HeatingForced air,, ,Natural gas
CoolingNone
ExteriorWood frame
ListedJune 24, 2026

How this listing prices against Preston South.

4

Sales

$672,500

Median price

18

Days on market

96.0%

% of list

19

Active listings

N/A

Months supply

Preston South had 2 sales and 12 active listings, so inventory is running well ahead of completed deals. The average sale price was $620,000, below the Cambridge average, and the homes that did sell moved quickly at 8 days on market. The sale-to-list figure is incomplete here, so pricing pressure is harder to measure, but the larger listing count suggests buyers still have leverage overall. This is a neighbourhood where some properties are finding buyers fast, but turnover remains light.

Read the full Cambridgereport →

Estimate the monthly carry.

Down payment
%($220,000)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$5,037

Principal$880,000
Total interest$631,190
Total paid$1,511,190

Estimate only. Excludes property tax, condo fees, and insurance.

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

Use the chat button to message me directly.

Or email me at neso@basara.ca

1188 QUEENSTON Road, Cambridge — $1,100,000 | Basara