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:4069)
Address
1304 -1306 KING Street E
List Price
$819,000
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Cambridge
Bedrooms
6
Bathrooms
4
Floor Area
2,016 Sq. Ft.
MLS® Number
40697379
Listing Brokerage
HOMELIFE LANDMARK REALTY INC
Basement Area
Full (Partially finished)
Postal Code
N3H3R1
Zoning
RES
Site Influences
Hospital, Park, Place of Worship, Public Transit, Shopping
Features
Crushed stone driveway, Laundry- Coin operated
