654 Duke Street
Cambridge, ON
- 2 bed
- 3 bath
- approx. 1100-1500 sqft
- Detached
- 23 days on market
GREAT INVESTMENT OPPORTUNITY IN A PRIME CAMBRIDGE LOCATION! Situated on a large lot, this well-maintained and versatile R5(CO)-zoned property offers outstanding potential for investors, owner-occupiers and buyers seeking multiple income possibilities. Live in the bright two-bedroom upper residence and enjoy the spacious deck and private garden while using or renting the main level, or rent the upper apartment, which has historically generated between $1,800 and $2,000+ per month in rental income, and explore converting the main floor into an additional apartment, subject to applicable zoning and municipal approvals. The flexible layout may also appeal to buyers looking for a multigenerational living arrangement or the opportunity to combine residential living with permitted professional use. Historically fully rented, the property offers established income potential, ample parking for at least three vehicles and convenient public parking next door. With its desirable location, generous lot, adaptable floor plan and potential for multiple living spaces, 654 Duke Street presents a rare opportunity to generate rental income, offset ownership costs and build long-term value.
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Listing Details
- Taxes (2025)
- $3,773
- Listed
- August 24, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Carpet Free
- Lot Size
- 66 x 115 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- King St. & Westminster
- Parcel Number
- 037770092
- Possession
- Flexible
- Occupancy
- Vacant
Included
- Inclusions
- Stove, Refrigerator, Washer & Dryer
Schools
Elementary
- Preston Public School0.1 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 School0.6 km
Public · Waterloo Region DSB · 250 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 39% met the provincial standard
- St Joseph Catholic Elementary School1 km
Catholic · Waterloo CDSB · 280 students
Grade 3 reading: 86% met the provincial standard · Grade 6 math: 70% 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-Galinée3.6 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
Residential Freehold in Cambridge · last 12 months
- Median sold price
- $675,000
- Homes sold
- 1,222
- Median days on market
- 19
- Sale-to-list price
- 100.6%
Based on 1,222 recorded sales of residential freehold properties in Cambridge over the last 12 months.
Rooms
2-piece on Main, 4-piece on Second, 2-piece on Main
Second
- Bathroom12'5" x 6'4"
- Bedroom12'2" x 8'11"
- Bedroom12'5" x 12'2"
Main
- Bathroom4'2" x 7'1"
- Bathroom5'1" x 7'3"
- Foyer4'9" x 11'11"
- Kitchen15'11" x 16'2"
- Office8'7" x 10'6"
- Office8'7" x 7'5"
- Office12'3" x 9'
- Office9'1" x 7'3"
Listed by
iCloud Realty Ltd.
Walk Score
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Location
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Mortgage Calculator
$139,980
Estimated Monthly Payment
$3,438
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,438/mo (20% down, 5.5%)
Taxes: $314/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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