654 Duke Street
Cambridge, Waterloo ON N3H 3T5
$649,900
GREAT INVESTMENT OPPORTUNITY IN A PRIME LOCATION ON A LARGE LOT! Combine your professional practice, personal residence and income potential under one roof. Total rental potential is $3,300-$3,800 per month ($39,600-$45,600 annually): $1,500-$1,800 for the main-level office suite and $1,800-$2,000 for the self-contained two-bedroom apartment. The office suite offers approximately 588 sq ft in four private offices with its own entrance, reception area, 2-piece bathroom and dedicated parking, suiting accountants, lawyers, engineers, financial planners, consultants, therapists and other professionals seeking a convenient, cost-effective workspace. The four-office layout also allows the space to be rented per office to individual practitioners, subject to demand. Operate your practice from the main floor while renting the apartment, rent both spaces as an investment, or expand your operations throughout the property. The main level may also be converted to additional rental apartments, subject to applicable zoning and municipal approvals. Ample parking, with additional public parking next door for employees, clients and visitors. Historically fully rented and ready for new owners. An excellent opportunity for an owner-occupier, investor or established professional looking to build long-term value.
| Listing Key: | X13730456 |
|---|---|
| List Price: | $649,900 |
| Property Type: | Commercial |
| Property Sub Type: | Investment |
| Property Status: | Active |
| Bathrooms Total Integer: | 0 |
| Tax Annual Amount: | $3,773 |
| Waterfront?: | No |
| City: | Cambridge |
| Postal Code: | N3H 3T5 |
| Basement Yn: | Yes |
| Building Area Total: | 1354.0 |
| Building Area Units: | Square Feet |
| Business Type: | Professional Office |
| Contract Status: | Available |
| Cooling: | Yes |
| Cross Street: | King St & Westminster |
| Ddfyn: | Yes |
| Elevator Type: | None |
| Freestanding Yn: | Yes |
| Garage Type: | None |
| Heat Type: | Gas Forced Air Open |
| Holdover Days: | 90 |
| Hst Application: | Not Subject to HST |
| Inclusions: | Stove, Fridge, Washer, Dryer, Light Fixtures |
| Listing Contract Date: | 2026-08-31 |
| Listing Key: | X13730456 |
| List Price Unit: | For Sale |
| Lot Size Units: | Feet |
| Lot Type: | Building |
| Status: | Price Change |
| Office Apartment Area: | 1,412.0 |
| Office Apartment Area Unit: | Sq Ft |
| Original List Price: | $699,900 |
| Parcel Number: | 037770092 |
| Possession Details: | Flexible |
| Property Use: | Office |
| Roll Number: | 300610001706500 |
| Security Features: | No |
| State Or Province: | ON |
| Tax Type: | Annual |
| Tax Year: | 2025 |
| Transaction Type: | For Sale |
| Utilities: | Yes |
| Water: | Municipal |
| Zoning: | R5 CO |
| Directions: | West on King St - North on Westminster to Duke St |
| Possession Type: | Flexible |
| Heat Type Multi: | Gas Forced Air Open |
| County Or Parish: | Waterloo |
| City: | Cambridge |
Listing Courtesy of: iCloud Realty Ltd.
Listing Agent:
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Toronto Real Estate Board data last updated on October 08, 2026 05:20 PM - ET.
Property Last Updated: October 08, 2026 05:20 PM - ET

































