654 Duke Street, Cambridge, Ontario N3H3T5

Property Description

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. (id:5764)