CHEAPEST DETACHED 2-STOREY HOUSE IN CAMBRIDGE Available

  • $399,999
  • 3 beds
  • 1 baths
  • 1456 sqft

CHEAPEST DETACHED 2-STOREY HOUSE IN CAMBRIDGE

FIX & FLIP OPPORTUNITY

$220K SPREAD TO ARV!

 Duke St, Cambridge

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Duke St, Cambridge
Closing Date: August 28, 2026**The Seller has the option to shorten closing to July 31 2026 if notice is given to the Buyer by July 13 2026. The Seller may also extend closing to September 30 2026 if notice is given to the Buyer by August 10 2026**

** Realtors bring us a client and add your commission on top of the purchase price**

Strategies For Success

  •  FIX & FLIP :  Complete a renovation that includes junk removal & property cleanup, new flooring, fresh paint, upgraded windows and roof, updated kitchen and bathroom, and modern fixtures and finishes throughout. Explore finishing the basement to add additional living space.

Details

  • Detached 2-Storey
  • 3 Bedrooms
  • 1 Bathroom
  • 1456 sqft above ground & 728 sqft below grade
  • Unfinished basement with a separate entrance
    • Ceiling height about 6ft.
    • Sellers removed a wall from the basement.
  • Built in 1912
  • No garage

Mechanical & Systems

  • Electrical: Breakers
  • Furnace: 2-3 years old, financed but will be paid off on closing
  • A/C: None
  • HWT: 2-3 years old, rental
  • Appliances included: Fridge, Stove, Washer, Dryer in as-is condition

Roof & Exterior

  • Roof: 20 years old, as per seller – needs to be replaced
  • Windows: 20 years old, as per seller – needs to be replaced
  • Foundation: No cracks or leaks in the foundation

Lot & Location

  • 40ft x 118ft
  • Property taxes are approximately $3427
  • R5 Zoning

Important Notes

  • Seller has the option to leave junk behind—budget recommended for junk removal
  • Sellers removed a wall from the basement.
  • Smokers house
 
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The Numbers

We are selling our assignable purchase contract for this excellent Fix & Flip opportunity.

  • Wholesale Price: $399,999 or Best Offer
  • We believe this property is worth at least  $500,000 in its current As-Is condition.
  • We believe this property will be worth at least $620,000 on the MLS once the recommended renovations are completed.

Comparable Analysis

433 Montrose St N sold for $530,000 in May 2026 after just 15 days on the market, demonstrating strong demand for detached homes with value-add potential in this area. This 1.5-storey property features 4 bedrooms, 1 bathroom, 1,218 sqft of living space, and an unfinished basement on a larger 64 x 100 ft lot. This property is in a condition more comparable to the subject, making it a strong indicator of current as-is value. While the comp benefits from a detached garage and an additional bedroom, the subject offers a larger 1,456 sqft footprint, a basement with a separate entrance, and a deeper 40 x 118 ft lot. Based on this sale and the appropriate adjustments, we believe the subject property is worth at least $500,000 on the MLS in as-is condition.
999 Vine Street sold for $620,000 in May 2026.This 1.5-storey detached features a similar 3-bedroom layout, no garage, a comparable 1,363 sqft footprint, and a nearly identical 40 x 125 ft lot. The home has undergone substantial renovations, which contributed to its strong sale price; however, it only offers an unfinished basement, whereas the subject benefits from a basement with a separate entrance, providing additional functionality and potential. While the subject requires significant updating to reach a comparable standard, its larger overall living area and basement utility give ample value add opportunities. We believe the subject property will be worth at least $620,000 on the MLS once the recommended renovations are complete.
1326 Queenston Road sold for $615,000 in January 2026. This 1.5-storey property offers a similar overall size at 1,551 sqft, a finished basement with a separate entrance, and no garage. The comp benefits from a 4-bedroom, 2-bathroom layout, a larger 46 x 165 ft lot, and has undergone numerous renovations throughout, whereas the subject property requires updates including roof and window replacement, cleanup, and cosmetic improvements. That said, the subject offers a desirable detached 2-storey layout, a newer furnace, and strong value-add potential through its basement with a separate entrance. After making the appropriate adjustments, we believe the subject property will be worth at lease $620,000 on the MLS once the recommended renovations are complete.
Price:
$399,999
Address:
Duke Street
Cambridge, Ontario
Square Feet:
1456
Lot Size:
40ft x 118ft
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1912
Basement:
unfinished

Call 647-930-0291 for more details

Property Location