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)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
6+2
Bathrooms
4
Lot
38.75 x 115 ft
Listing Contract Date
2025-02-06
Location Description
Montrose And King St
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Building
Appliances
Water Heater, Refrigerator, Stove
Basement Development
Finished
Basement Features
Walk out
Basement Type
N/A (Finished)
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Foundation Type
Poured Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bathroom
Second level
2.15 m x 1.37 m
Bathroom
Second level
2.93 m x 1.22 m
Bedroom
Second level
3.84 m x 2.72 m
Bedroom
Second level
3.09 m x 2.72 m
Bedroom
Second level
2.71 m x 2.31 m
Bedroom
Second level
2.64 m x 2.62 m
Bedroom
Second level
3.86 m x 2.22 m
Bedroom
Second level
3.86 m x 4 m
Bedroom
Basement
4.67 m x 4.22 m
Living room
Basement
4.67 m x 2.96 m
Bedroom
Basement
5.36 m x 3.18 m
Living room
Basement
5.36 m x 3.97 m
Kitchen
Main level
3.89 m x 3.87 m
Bathroom
Main level
2.27 m x 1.4 m
Bathroom
Main level
2.06 m x 1.4 m
Kitchen
Main level
4.61 m x 3.66 m
Living room
Main level
3.89 m x 3.85 m
Living room
Main level
4.61 m x 4.06 m
Land
Total Size
38.8 x 115 FT
Sewer
Sanitary sewer
Size of Irregular Land
38.8 x 115 FT
Terms of Use
Please review and agree to the following terms of use to access the listing content:
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA;
The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy;
This website is operated by a brokerage or salesperson who is a member of CREA;
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
