50
See all 50 photos
$888,000
Est. payment /mo
7 Beds
4 Baths
3,537 SqFt
New
819 DUKE Street Cambridge, ON N3H3T8
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3537
Square Footage 3,537 sqft
Price per Sqft $251
Subdivision 52 - Preston North
MLS® Listing ID 40847646
Bedrooms 7
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Freehold
Property Description
An exceptional turnkey investment opportunity offering strong income potential with multiple revenue streams. This well-maintained legal multi-unit property features three residential units plus a heated 30' x 30' detached garage/shop with an additional 12' x 25' side addition, creating flexibility for investors, tradespeople, or future owner-occupants. Unit 1 is a spacious approximately 2,000 sq. ft. four-bedroom home featuring a large family room, sunroom, and 1.5 bathrooms. The current tenant pays $1,550/month plus gas and hydro, with the owner sharing the water expense. The unit offers significant upside, with an estimated market rent of approximately $2,300/month plus utilities. Unit 2 is a bright two-bedroom apartment currently rented for $1,800/month all inclusive, while Unit 3 is a one-bedroom suite generating $1,350/month all inclusive. The detached heated garage/shop measures approximately 30' x 30', with an additional 12' x 25' side addition, and has previously generated $1,700/month in rental income. It is currently owner-occupied, presenting an excellent opportunity for additional future revenue or personal use. Additional highlights include a forced-air gas furnace, central air conditioning serving the main residence, ample parking, and a highly desirable Cambridge location close to schools, parks, shopping, public transit, and major commuter routes. With below-market rents in the largest unit and the potential to lease the garage separately, this property offers immediate cash flow with outstanding future income growth potential. Whether you're expanding your investment portfolio or looking for a property with multiple income sources, 819 Duke Street delivers exceptional versatility and long-term value. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 8
Garage Yes
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/819_duke_street_cambridge_on/
Listed by SHAW REALTY GROUP INC.