$819,000
FOR SALE

Duplex

Bedrooms: 6Bathrooms: 4Lot: 39 x 115 ft

1304 -1306 King Street E
Cambridge, ON N3H 3R1

Incredible Investment Opportunity - Two 3-Bedroom DUPLEX Units in the sought-after downtown Preston of Cambridge. Situated on a corner lot, this property offers exceptional potential for investors or homeowners seeking a flexible living arrangement - LIVE-IN ONE AND RENT THE OTHER. Both Units Have A Large Living Area & A Bright Eat-In Kitchen Including A Storage Area & Access To The Walk-Out Basement. Upstairs, There Are 3 Bedrooms As Well As A 4-Piece Bath. Backyard Is Fenced And Has Access To Parking Lot. Separated hydro and gas meters. Updates include: 200 amp electrical system (2023); Furnace/heat pump (2023); Roof and new vinyl siding (2022); Hot water heater (2020); Two new bedrooms in basements (2023); Two new 3-piece bathrooms on the main floor (2023). Minutes to Hwy 401, Costco, Conestoga College, schools and shopping, Riverside Park, downtown Preston, minutes biking and walking trails. Unit 1304 is fully rented out; the monthly rent is around $3500. When fully rented out, the total rent is about $7000/month for both units. Unit 1306 can be delivered vacant on closing, giving you the freedom to set up tenants at full market rent or customize the space to suit your needs. (id:47421)
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Listed By HOMELIFE LANDMARK REALTY INC
Data Provided By Cornerstone - Mississauga
MLS® Listing Number 40697379
Last Updated Feb 09, 2025
Property Summary
Property Type Duplex

More like this:
Subdivision 53 - Preston South
Price History

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Detailed Information
Bedrooms 6
Bathrooms 4
Lot 39 x 115 ft
Amenities Nearby Hospital, Park, Place of Worship, Public Transit, Shopping
Features Crushed stone driveway, Laundry- Coin operated
Listing Contract Date 2025-02-08
Location Description Montrose St.
Ownership Type Freehold
# of Parking Spaces 4
Property Type Multi-family
Transaction Type For sale
Zoning Description RES
Building
Basement Development Partially finished
Basement Type Full (Partially finished)
Cooling Type Central air conditioning
Exterior Finish Vinyl siding
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air, Heat Pump
Stories Total 2
Type Duplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Highway access
Amenities Hospital, Park, Place of Worship, Public Transit, Shopping
Sewer Municipal sewage system

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