Micki Million

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1304 - 1306 KING STREET E, Cambridge, Ontario

$819,000

8 Beds
4 Baths

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:23309)

Listing ID: X11964109
Property Type: Single Family

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Rooms

Level	Type	Dimensions
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

Details

Parking Spaces: 4
Transaction: For sale

Building

Appliances: Water Heater, Refrigerator, Stove
BasementType: N/A (Finished)
Basement Development: Finished
Basement Features: Walk out
Bedrooms Main Level: 6
Bedrooms Lower Level: 2
Cooling: Central air conditioning
Exterior Finish: Vinyl siding
Fireplace Present: False
Foundation: Poured Concrete
Bathrooms (Total): 4
Heating: Forced air
Heating Fuel: Natural gas
Stories Total: 2
Type: Duplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 38 ft ,9 in
Size Irregular: 38.8 x 115 FT

Listing provided by HOMELIFE LANDMARK REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1304 - 1306 KING STREET E in Cambridge Ontario. It was last modified on February 9th, 2025. Contact Micki Million to schedule a viewing or to discover other Cambridge real estate for sale.

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