Duplexes for Sale in Cambridge

Duplexes for Sale in Cambridge


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34 HOPETON Street, Cambridge, N1R3T3

34 HOPETON Street, Cambridge, Ontario N1R3T3

5Bedroom(s)
18Picture(s)
SUPER SPACIOUS 3 BEDROOM SEMI WITH A LEGAL 2 BEDROOM BASEMENT APARTMENT. SEPARATE ENTRANCE. SEPARATE FURNACES. SEPARATE UTILITIES. UPPER UNIT INCLUDES HUGE MASTER WITH ENSUITE AND WALK IN CLOSET. WELL MAINTAINED, ONE OWNER PROPERTY. LARGE LOT. GREAT LOCATION WITH EASY ACCESS TO HWY 401, HWY 24, HWY 8. CLOSE TO SCHOOLS AND SHOPPING. ATTACHED SEMI IS ALSO AVAILABLE FOR SALE.
$699,900

445 VINE Street, Cambridge, N3H2Y7

445 VINE Street, Cambridge, Ontario N3H2Y7

5Bedroom(s)
3Bathroom(s)
50Picture(s)
Well kept all brick DUPLEX in Preston. Welcome to 445 Vine St. This beautiful century home was renovated in 2018 including New Kitchens, Stainless Steel Appliances, New Flooring, & Updated Bathrooms. The home is situated on a quiet street with ample parking at the back off a laneway. It is close to schools, Riverside Park, shopping, transit and the 401.
$759,900

1790 BRANCHTON Road, Cambridge, N0B1L0

1790 BRANCHTON Road, Cambridge, Ontario N0B1L0

4Bedroom(s)
4Bathroom(s)
45Picture(s)
Welcome To This Charming And Unique Duplex In A Historic Schoolhouse Building (Built In 1934) Located In Branchton Village (5 Mins South Of Cambridge) - This Property Boasts Original Architectural Details - There Was An Addition In 1952 - The Building Now Has Over 4,300 SQ FT Of Total Living Space - Converted Into A Legal Duplex In 1991 - 0.
$1,250,000

1790 BRANCHTON RD, Cambridge, N0B1L0

1790 Branchton Road, Cambridge, Ontario N0B1L0

4Bedroom(s)
4Bathroom(s)
40Picture(s)
Charming And Unique Duplex Located In A Historic Schoolhouse (Built In 1934) In Branchton Village (5 Mins South Of Cambridge) - Boasts Original Architectural Details - Addition In 1952 - Now Has Over 4,300 Sq Ft Of Total Living Space - Converted Into A Legal Duplex In 1991 - 0.
$1,250,000

831 LAUREL ST, Cambridge, N3H3Z6

831 Laurel Street, Cambridge, Ontario N3H3Z6

4Bedroom(s)
2Bathroom(s)
5Picture(s)
Attention- Single Family Residential Home Buyers. Currently Used As An Existing Legal Non-Conforming Duplex. Or Could Convert Back To A Spacious Single Family Home. Or A Potential New Development Opportunity For 2 New Builds.(Subject To Approvals) Located In The Heart Of Preston, On A Lot Of 66' X 103' Irregular Lot. Two Separate Driveways Offering Ample Parking.
$780,000

30-32 BEVERLY Street, Cambridge, N1R3Z5

30 BEVERLY Street, Cambridge, Ontario N1R3Z5

8Picture(s)
Side by side semis in downtown Cambridge. Fully tenanted with tenants paying all utilities. Unit 30 is a small two bedroom unit renting for $555.38. Unit 32 is a one plus bedroom unit renting for $500.08. Future LRT station and line proposed to be built across the street.
$599,900
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    Duplexes for Sale in Cambridge

    Have you considered investing in a duplex? The Cambridge area has a number of them and they are a perfect option for an investment property. You can rent out more than one residence so the potential monthly cash flow is even higher.

    Of course, there are certain factors to consider with selling a duplex, so you might consider the future. The exact location, demand for such homes, pricing and the city all come into consideration.

    What is a Duplex?

    A duplex may be similar to a single-family home, except it actually contains two separate living spaces, labelled as two different units

    They have often been used to house large or extended family types, but they are quickly becoming a good investment opportunity with a hefty profit. You could live in one yourself, and rent out the other or increase your rental profits by having tenants on both sides.

    Styles and Types of Duplex Living

    When it comes to the style of a duplex it is either side by side, where there is usually a wall that divides the two residents, or there is up and down.

    Other types include:

    Standard duplex house: This type is designed as a two-storey house, with one floor connected to the second floor by stairs. The layout is most often the lower floor being the living room and the kitchen area, while the upper floors include the bedrooms.

    Ground duplex house: This type of duplex is built on the ground floors of apartments, where the lower floor might include bedrooms. The upper floor of the duplex apartment consists of the living room and kitchen.

    Low-rise duplex: This duplex house design can include a balcony and is usually smaller than other types.
    It is important to note that what a duplex means in one country, might be considered completely different in another.

    Advantages

    It’s fairly private: Most duplexes offer a private patio and garage and there is a separate entrance.

    It’s affordable: With renting out half of the residence, it can help contribute to your overall cost of the duplex.

    It has appealing additions a single-family home might have such as a yard and a garage.

    Good for large families: Duplex living makes it much easier for a large family to live together and still have their own space and privacy.

    The extra income: The potential for additional rental income is excellent. If you have your own residence, and this is an extra investment, you can rent out both sides.

    Additional space: If you don’t need to make any supplementary income the additional space you have with a duplex could easily offer you an extra room to make your own, whether it be a workout room or a home office.

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      Disadvantages

      Noise levels: Either side by side or next to each other, there is no mistaking that noisy neighbour. Whether it is loud music, the constant patter of tiny feet, or a generally loud adjoining neighbour, this could cause enough problems long-term.

      Sharing certain spaces: You might have to share the driveway or the backyard with the other person living in the duplex.

      Location: A duplex is often located in a suburb because of the size, so if you want to be living close to the city or downtown, it could mean more of a commute, or other location flubs holding you back.

      Maintenance: If you chose to live or rent out a duplex, it is privately owned by you. That means a lot of maintenance, such as lawn or garden care, snow removal, or other upkeep.

      Rental income not guaranteed: Renting out half of the duplex or the entire two sides can be a great way to supplement income, but it is not always guaranteed. If you have a tenant that doesn’t pay, it can be a hassle and you still have to come up with the mortgage payment.

      Duplex living is not for everyone. Each individual who owns a property or rents has their own reasons to choose a duplex. It is up to you to cater to those individual needs.

      Other Considerations

      Financial and Cash Flow: The more units you have to rent out means more potential income. Keep in mind, the more units you have occupied, the more work, more responsibility, and more cost to buy the property.

      You should be eligible for some tax deductions: Owners of duplexes are usually able to deduct all maintenance expenses, including cleaning and yard work.

      Obtaining a mortgage for a duplex: It is often easier to qualify for a mortgage on a duplex. When you are buying a duplex for investment reasons the incoming capital received will pay off the mortgage and what is left over is profit. You might be living in the duplex or later decide to rent out both spaces. It’s relatively easy to get financing to purchase a duplex.

      Timing is everything: It is always best to know when it is a good time to buy. Interest rates could be lower or there could be a new area that is a popular place people want to live. It is a good idea to jump on the chance to purchase when the timing is just right.

      If you are buying for an investment, be ready and willing to make it a long-term decision.

      Duplexes are often a popular choice for those swaying from the condo/apartment style living. As an investment, there are always going to be other factors that determine whether your property is going to be easily rented.

      Conclusion

      If you have any questions about the Cambridge area or any other real estate questions, the WRX team of realtors has outstanding knowledge to help you. Contact us today!