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Main Photo: 23 Glen Road in Cambridge: Commercial for sale : MLS®# X13091834
Photo 1: 23 Glen Road in Cambridge: Commercial for sale : MLS®# X13091834
Photo 2: 23 Glen Road in Cambridge: Commercial for sale : MLS®# X13091834
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Photo 24: 23 Glen Road in Cambridge: Commercial for sale : MLS®# X13091834
Photo 25: 23 Glen Road in Cambridge: Commercial for sale : MLS®# X13091834
Photo 26: 23 Glen Road in Cambridge: Commercial for sale : MLS®# X13091834
Photo 27: 23 Glen Road in Cambridge: Commercial for sale : MLS®# X13091834
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Photo 29: 23 Glen Road in Cambridge: Commercial for sale : MLS®# X13091834
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13091834
Bus Major:
Apts - 6 To 12 Units
23 Glen Road presents a rare opportunity to acquire a well-maintained 8-plex multifamily investment property comprised of highly sought-after 2-bedroom townhome units. This asset offers strong, stable income supported by long-term tenants and pride of ownership throughout. The property has been carefully maintained over the years, minimizing immediate capital expenditures while providing investors with confidence in long-term performance. An added bonus is the existing government-backed solar contract, creating an additional revenue stream and enhancing overall returns. On-site, a large maintenance building provides ample space for storage, equipment, and efficient property upkeep-an attractive feature for hands-on investors or property managers. Ideally located close to a wide range of amenities including shopping, transit, schools, and everyday conveniences, 23 Glen Road appeals to both tenants and investors alike. A turnkey investment opportunity combining stability, additional income potential, and long-term upside in a desirable rental market.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
6600 sq. ft. Square Feet
Total Area:
6,600 sq. ft.
Lot Depth:
149'11¾"
Lot Frontage:
100'
Water supply:
Municipal
Zoning:
RM4
Heating type:
Baseboard
Garage:
None
Parking Spaces:
16
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Assessment:
$728,000
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$18,637 / 2025
Assessment:
$728,000.00 / 2025
Waterloo
Cambridge
Public Transit, Recreation/Community Centre
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
May 06, 2026
Original Price:
Previous Price:
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Listed by CORCORAN HORIZON REALTY
Data was last updated May 7, 2026 at 06:15 AM (UTC)
DARYL  KING
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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.