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819 DUKE Street

819 DUKE Street

Cambridge, Ontario

7 bed • 4 bath • Multi-family

$888,000

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.

Price History

Property

Lot Size
0.25 acres

Schools

Elementary

  • Preston Public School0.2 km

    Public · Waterloo Region DSB · 315 students

    Grade 3 reading: 75% met the provincial standard · Grade 6 math: 41% met the provincial standard

  • Grand View Public School0.5 km

    Public · Waterloo Region DSB · 250 students

    Grade 3 reading: 83% met the provincial standard · Grade 6 math: 39% met the provincial standard

  • St Michael Catholic Elementary School0.8 km

    Catholic · Waterloo CDSB · 310 students

    Grade 3 reading: 67% met the provincial standard · Grade 6 math: 31% met the provincial standard

Secondary

  • Preston High School0.9 km

    Public · Waterloo Region DSB · 855 students

    Grade 10 literacy: 77% met the provincial standard

  • ÉSC Père-René-de-Galinée3.8 km

    French Catholic · CS catholique MonAvenir · 495 students

    Grade 10 literacy: 94% met the provincial standard

  • Jacob Hespeler Secondary School4 km

    Public · Waterloo Region DSB · 1070 students

    Grade 10 literacy: 83% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N3H

Population
24,306
Private dwellings
10,220
Median age
40.8
Average household size
2.5
Median household income
$82,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Multi-family in Cambridge · last 12 months

Median sold price
$675,000
Homes sold
1,262
Median days on market
19
Sale-to-list price
100.6%

Based on 1,262 recorded sales of multi-family properties in Cambridge over the last 12 months.

Location

Mortgage Calculator

$177,600

Estimated Monthly Payment

$4,362

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $4,362/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $222/mo

Estimates only. Consult a financial advisor.

R

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