A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 1304 -1306 King St, Cambridge Ontario N3H 3R1
3 days on Market

1304 -1306 King St, Cambridge, Ontario N3H 3R1

Townhouse
-
4
~2016 sqft
$725,000
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Townhouse
-
4
~2016 sqft

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Highlights

Property Estimate

Days on market3 days

Estimated valueNot available

Price/Sqft$359/sqft

Monthly cost

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Description

Incredible Investment Opportunity in Downtown Preston, Cambridge! This solid duplex offers two spacious three-bedroom units on a desirable corner lot, making it an excellent option for investors or buyers looking for a flexible living arrangement. Each unit features a bright eat-in kitchen with storage, a generous living area, and convenient walk-out basement access. Upstairs, you’ll find three well-sized bedrooms and a four-piece bathroom. The backyard is fully fenced with access to the parking lot, and each unit is separately metered for hydro and gas. Recent improvements add tremendous value, including a 200-amp electrical system (2023), furnace and heat pump (2023), roof and vinyl siding (2022), hot water heater (2020), two new bedrooms in the basements (2023), and two updated three-piece bathrooms on the main level (2023). Both units will be available shortly, with Unit 1304 currently vacant and Unit 1306 vacant by the end of November, giving you the option to set new market rents or customize the property to your needs. Situated just minutes from Highway 401, Conestoga College, shopping, Riverside Park, downtown Preston, and endless walking and biking trails, this property is ideally located for both tenants and owners. With strong income potential of approximately $7,000 per month when fully rented and the possibility to convert to a fourplex, this is a rare opportunity to secure a versatile property in a sought-after location.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~2016 SqFt
Lot Size4,463 SqFt(115 x 38.81)
Parking Spaces4
MLS ®Number40775627
Community NameCentral Park
Data SourceITSO
Listing byRE/MAX Twin City Realty Inc.

Features

Heating: Forced Air, Natural Gas, Heat Pump
Cooling: Central Air
Basement: Full, Partially Finished

Features

Lot size: 4,463 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Oct 2, 2025
ListedActive
$725,000
3 days on market
history photo preview19
Listing by itso®

Market Data - Central Park

Geo Zone Map ThumbnailCentral Park

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

49 days

Compared to

2024

0 day

2023

10 days

2022

27 days

New Listings

Past 30 days

2 listings

Compared to

2024

4 listings

2023

3 listings

2022

4 listings

Units sold

Past 30 days

5 units

Compared to

2024

0 unit

2023

1 unit

2022

2 units

Median Sold Price

Past 30 days

$699,900

Compared to

2023

$675,000

2022

$632,500


Population and Demographics

Overview

Total population 8915
Average household income $101,055

Age (%)

0 to 19
18%
20 to 34
21%
35 to 49
18%
50 to 64
21%
65 and plus
21%

Household composition (%)

Single family
56%
Single person
38%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
91%
Others
4%
Portuguese
2%
French
1%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget