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819 DUKE STREET

Cambridge, N3H3T8

Listed by SHAW REALTY GROUP INC.

$888,000

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  • 7 bedrooms
  • 3 bathrooms
  • 10 parking

Listed 97 days ago · MLS® X13575714

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:66966)

Details

Type
Multi-family
Basement
Unfinished, N/A
Garage
Garage
Property tax
$6,791
Municipality
Cambridge

Interior

Bedrooms
7 above ground
Fireplace
No

Heating, cooling and services

Heating
Forced air, Natural gas
Air conditioning
Central air conditioning
Water and sewer
Sanitary sewer

Building and exterior

Foundation
Poured Concrete
Outdoor
Vinyl siding

Parking

Total parking
10
Driveway and parking
Detached Garage, Garage

Location

Location is approximate. See nearby homes on the map

Listed by SHAW REALTY GROUP INC..

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