Offering both long-term and short-term accommodation, this registered boarding house has been operating successfully and profitably by the current owner operator since 2005. Known as "Cambridge Lodge", this is an opportunity for an astute purchaser to secure a grand two-level building, providing 30 rooms plus an office and managers apartment, on the corner of Cambridge Street and Merchant Street.
Being an attractive option for residents means 109 Cambridge Street is a strong income producer. The property is across the road from Montague Gardens, just 400m from Stanmore Station, and near a broad range of appealing and popular amenities.
The size of Stanmore is approximately 1.2 square kilometres. It has 11 parks covering nearly 4.1% of total area. The population of Stanmore in 2016 was 7938 people. By 2021 the population was 7619 showing a population decline of 4.0% in the area during that time. The predominant age group in Stanmore is 20-29 years. Households in Stanmore are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Stanmore work in a professional occupation.In 2021, 52.70% of the homes in Stanmore were owner-occupied compared with 51.00% in 2016.
Stanmore has 4,065 properties. Over the last 5 years, Houses in Stanmore have seen a 43.43% increase in median value, while Units have seen a 32.37% increase. As at 30 November 2025:
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