654 Duke Street

Cambridge, ON

1,354 sqft
Office
20 days on market

$699,900

GREAT INVESTMENT OPPORTUNITY IN A PRIME LOCATION ON A LARGE LOT! A rare opportunity to combine your professional practice, personal residence and income potential under one roof. Ideally located at 654 Duke Street in the heart of Cambridge, this well-cared-for and versatile R5(CO)-zoned property offers several flexible options. Rent the apartment and office spaces, live in the bright two-bedroom apartment while enjoying the large deck and garden, move your business into the property and potentially rent or share the additional offices, or modify the main level to create two additional rental apartments, subject to applicable zoning and municipal approvals. The property is well suited for accountants, lawyers, engineers, financial planners, consultants and other professionals seeking a convenient and cost-effective workspace. Operate your office or professional practice from the main floor while renting the separate two-bedroom apartment for potential income of approximately $2,000+ per month. For businesses requiring a larger operational footprint, the existing apartment spans two levels and provides the flexibility to expand offices or professional workspace throughout the property. The property offers plenty of parking, with space for at least three vehicles and additional public parking conveniently located next to the property for employees, clients or visitors. Prefer a residential component? Convert the main floor into your own living space while continuing to rent the separate apartment to help offset monthly ownership costs. This rare property has historically remained fully rented and is now ready for new owners. With its large lot, flexible layout, professional-use potential and multiple occupancy options, this is an excellent opportunity for an owner-occupier, investor or established professional looking to create a customized workspace while building long-term value.

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Listing Details

Taxes (2025): $3,773
Listed: August 31, 2026

Price History

Listing history

Parking

Garage: None

Location & Legal

Cross Street: King St & Westminster
Zoning: R5 CO
Parcel Number: 037770092
Possession: Flexible
Occupancy: Vacant

Commercial

Office / Apartment Area: 1412 Sq Ft

Included

Inclusions: Stove, Fridge, Washer, Dryer, Light Fixtures

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

Commercial in Cambridge · last 12 months

Median sold price: $675,000
Homes sold: 1,218
Median days on market: 20
Sale-to-list price: 100.5%

Based on 1,218 recorded sales of commercial properties in Cambridge over the last 12 months.

Listed by

iCloud Realty Ltd.

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Location

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Commercial figures

Building area: 1,354 sq ft
Price per sq ft: $516.91
Annual property tax: $3,773
Tax per sq ft: $2.79

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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