Located minutes from Highway 401, near the border of Kitchener and within walking distance to Toyota, this large yellow brick century home offers a prime investment opportunity in a high-demand commuter rental area.
Offering approximately 2,600 sq ft, the property is currently configured as a side-by-side duplex with two self-contained units: one 3-bedroom and one 2-bedroom, for a total of 5 bedrooms and 2 bathrooms. Both tenants are willing to stay, providing immediate rental income, or buyers can choose to live in one unit and rent the other as a strong mortgage helper.
The home features spacious principal rooms, two staircases, and century-home character, presenting significant upside for investors looking to add value through updates or improved rents.
Ideally located steps from a major park and walking distance to downtown Preston in Cambridge, the property benefits from strong rental fundamentals, and excellent commuter access. A versatile opportunity to hold as a duplex, renovate for increased returns, or convert into a stunning single-family heritage home.
Property Type:
Residential
Property SubType:
Single Family Residence
Listing General Location:
52 - Preston North, 15 - Preston
Bedrooms:
5
Bathrooms:
2.0
(Full:2/Half:0)
Lot Details:
54 x 0
Lot Depth:
0'0 m
Lot Frontage:
54'16.5 m
Frontage Type:
East
Lot Shape:
108.22 ft x 54.57 ft x 89.99 ft x 58.09 ft
Kitchens:
2
Home Style:
Two Story
County Or Parish:
Waterloo
Property Attached:
Detached
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Construction:
Brick
Basement:
Full, Unfinished
Linked Foundation:
No
Foundation:
Concrete Block, Stone
Roof:
Shingle
Year Roof Replaced:
2013
Number of Buildings:
0
Total Floor Area:
2,602 sq. ft.242 m2
Finished Area Above Grade:
2,602 sq. ft.242 m2
Fireplace:
false
Laundry Features:
In-Suite, Multiple Locations
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air, Natural Gas
None
Ceiling Fan(s)
false
No
King St. W. to Fountain St. N.
No
HST Applicable To Sale Price:
No
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Condo Corporation:
No
Zoning:
R3
Lot Site Features:
Urban, Rectangular, Airport, Highway Access, Hospital, Library, Major Highway, Park, Place of Worship, Public Transit, Shopping Nearby
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Data was last updated March 10, 2026 at 07:50 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$549,450
Min list price:
$355,000
Max list price:
$1,099,900
Avg days on market:
41
Min days on market:
1
Max days on market:
147
Avg price per sq.ft.:
$394.1
These statistics are generated based on the current listing's property type
and located in
52 - Preston North. Average values are
derived using median calculations. This data is not produced by
the MLS® system.