819 DUKE Street

About this home.

An exceptional turnkey investment opportunity offering strong income potential with multiple revenue streams. This well-maintained legal multi-unit property features three residential units plus a heated 30' x 30' detached garage/shop with an additional 12' x 25' side addition, creating flexibility for investors, tradespeople, or future owner-occupants. Unit 1 is a spacious approximately 2,000 sq. ft. four-bedroom home featuring a large family room, sunroom, and 1.5 bathrooms. The current tenant pays $1,550/month plus gas and hydro, with the owner sharing the water expense. The unit offers significant upside, with an estimated market rent of approximately $2,300/month plus utilities. Unit 2 is a bright two-bedroom apartment currently rented for $1,800/month all inclusive, while Unit 3 is a one-bedroom suite generating $1,350/month all inclusive. The detached heated garage/shop measures approximately 30' x 30', with an additional 12' x 25' side addition, and has previously generated $1,700/month in rental income. It is currently owner-occupied, presenting an excellent opportunity for additional future revenue or personal use. Additional highlights include a forced-air gas furnace, central air conditioning serving the main residence, ample parking, and a highly desirable Cambridge location close to schools, parks, shopping, public transit, and major commuter routes. With below-market rents in the largest unit and the potential to lease the garage separately, this property offers immediate cash flow with outstanding future income growth potential. Whether you're expanding your investment portfolio or looking for a property with multiple income sources, 819 Duke Street delivers exceptional versatility and long-term value. (id:59491)

The full record.

How this listing prices against Preston North.

Preston North was one of Cambridge's busier lower-priced neighbourhoods, with 11 sales and 15 active listings over the past 30 days. The average sale price was $586,545, well below the city average, and homes sold in 21.73 days, almost in line with the wider market. Sales closed at 95.87% of list, which is a softer pricing result and shows buyers are finding room to negotiate. Freeholds moved reasonably well, while condos were much cheaper and much slower.

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