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$888,000

7 Beds 4 Baths 3,537 SQFT 0.25 Acres
Type: Multi-Family

819 Duke Street
Cambridge, ON N3H 3T8

MLS#: 40847646
Kayley Thorpe
Kayley Thorpe
Condo Digs
Sales Representative
Office: 416.840.6300
Presented by: SHAW REALTY GROUP INC.

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.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area3,537 sqft
Above Grade Finished Area Unit Type0 sqft
Air Conditioning Y/NNo
BasementFull, Unfinished
Below Grade Finished Area Unit Type0 sqft
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesNone
Laundry FeaturesIn-Suite
Total Stories2

General

Attached Garage No
Building Area Units0 sqft
Carport Y/NNo
CityCambridge
Construction MaterialsVinyl Siding
CoolingCentral Air
CountyWaterloo
DirectionsChurch Street North
ExclusionsTenants Belongings
Garage Spaces2
Garage Y/NYes
HeatingForced Air, Natural Gas
Living Area3,537 sqft
Lot Size Square Feet10,890 sqft
Lot Size UnitsAcres
MLS Area15 - Preston
MLS Area Minor52 - Preston North
New ConstructionNo
Number Of Units Total3
Open Parking Spaces6
Property SubtypeMulti-3 Unit
Property TypeResidential Income
RoofAsphalt Shing
Security FeaturesCarbon Monoxide Detector, Smoke Detector
Senior Community Y/NNo
SewerSewer (Municipal)
Standard StatusActive
StatusActive
Stories Count2
Virtual TourClick here
Virtual TourClick here
ZoningR5

Exterior

Building Area Total3,537 sqft
Covered Spaces2
Crops Included Y/NNo
Foundation DetailsPoured Concrete
Frontage Length66 sqft
InclusionsCarbon Monoxide Detector, Smoke Detector
Lot Dimensions66 x 165
Lot FeaturesPublic Transit
Lot Size Acres0.25
Lot Size Area0 sqft
Number of Buildings0
Parking FeaturesDetached Garage, Asphalt
Total Parking8
Water SourceMunicipal
Waterfront Y/NNo

Additional Details

Schools 

High School Hubert H Humphrey Middle School
Elementary School Big Hollow Elementary School

  

Similar Properties

$888,000

7 Beds 4 Baths 3,537 SQFT 0.25 Acres
Type: Multi-Family

819 Duke Street
Cambridge, ON N3H 3T8

MLS#: 40847646
Kayley Thorpe
Kayley Thorpe
Condo Digs
Sales Representative
Office: 416.840.6300
RE/MAX Condos Plus Corp. Brokerage
45 Harbour Sq. Toronto, ON M5J 2G4

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