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819 DUKE Street
homes for sale · Cambridge · Preston North
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$888,000

819 DUKE Street

Preston North, Cambridge · MLS® 40847646

748

3,537 sq ft · 0 sq ft lot · House · Multi-family · 99 days on market

listed by SHAW HASYJ, SHAW REALTY GROUP INC.

realtor's description

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.

property details

type
House, Multi-family
bedrooms
7
bathrooms
4
living area
3,537 sq ft
lot
0 sq ft
parking
8
property tax
$6,791 / yr
days on market
99
MLS®
40847646

features

  • Paved driveway

monthly cost

$4,435/mo
Mortgage $3,869 · Tax $566

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$3,869/ monthly
loan $710,400
25-year amortization
total interest
$450,279
cash to close
$177,600
down payment; transfer tax and fees not included
total paid
$1,160,679

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Preston North, CambridgeGoogle Maps ↗

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listed by
SHAW HASYJ
SHAW REALTY GROUP INC.
call SHAW · 519-651-9057
Powered by: REALTOR.ca
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location

Preston North, CambridgeGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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