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1304 -1306 King Street E Cambridge, Ontario N3H 3R1

6 Bedroom 4 Bathroom 2016 sqft
Central Air Conditioning Forced Air, Heat Pump

$725,000

Incredible Investment Opportunity in Downtown Preston, Cambridge! This solid duplex offers two spacious three-bedroom units on a desirable corner lot, making it an excellent option for investors or buyers looking for a flexible living arrangement. Each unit features a bright eat-in kitchen with storage, a generous living area, and convenient walk-out basement access. Upstairs, you’ll find three well-sized bedrooms and a four-piece bathroom. The backyard is fully fenced with access to the parking lot, and each unit is separately metered for hydro and gas. Recent improvements add tremendous value, including a 200-amp electrical system (2023), furnace and heat pump (2023), roof and vinyl siding (2022), hot water heater (2020), two new bedrooms in the basements (2023), and two updated three-piece bathrooms on the main level (2023). Both units will be available shortly, with Unit 1304 currently vacant and Unit 1306 vacant by the end of November, giving you the option to set new market rents or customize the property to your needs. Situated just minutes from Highway 401, Conestoga College, shopping, Riverside Park, downtown Preston, and endless walking and biking trails, this property is ideally located for both tenants and owners. With strong income potential of approximately $7,000 per month when fully rented and the possibility to convert to a fourplex, this is a rare opportunity to secure a versatile property in a sought-after location. (id:41954)

Property Details

MLS® Number 40775627
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 2016 Sqft
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/28953069/1304-1306-king-street-e-cambridge

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