1304 -1306 King Street E Cambridge, Ontario N3H 3R1
$819,000
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:50886)
Property Details
| MLS® Number | 40697379 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Shopping |
| Features | Crushed Stone Driveway, Laundry- Coin Operated |
| Parking Space Total | 4 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 6 |
| 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 |
| Size Interior | 2,016 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 115 Ft |
| Size Frontage | 39 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Res |
https://www.realtor.ca/real-estate/27895360/1304-1306-king-street-e-cambridge
Contact Us
Contact us for more information
Roy Li
Salesperson
7240 Woodbine Avenue Unit 103
Markham, Ontario L3R 1A4
(905) 305-1600
(905) 305-1609
www.homelifelandmark.com/
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February 09 2025 11:59:02
Mississauga Real Estate Board
Homelife Landmark Realty Inc