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Duplex for sale at 223 Water Street, Cambridge - 4 bedroom, 3 bathroom - Photo 1 of 24
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$499,900

223 Water St

Cambridge, ON N1R 3B9

223 Water St, CambridgeListed at $499,900. 4 bedroom, 3 bathroom 2 1/2 Storey. MLS® X12947170.

4Beds
3Baths
1500-2000sqft
2 1/2 Storey
3Parking
$3,782.4 (2025)

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Description

Great investment opportunity: legal duplex with strong income potential. You can get vacant possession and set your own rents. This up-and-down property includes two units 1-bedroom unit, two bedroom unit plus a possible of a basement in-law suite (currently the son is living there). The upper unit offers a playful loft for extra living . The main level boasts high ceilings, a den/office, and a front and rear entrance. Ample parking behind the house. Conveniently located near the schools, hospital, shopping, and downtown, with nearby parks, river trails, and walking paths for outdoor recreation. Twenty minutes to the 401 and a bus stop directly across the road.? Two Separate Hydro meters A real Money Maker.

Price & Status History

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Property Details

Property TypeDuplex
Style2 1/2 Storey
Rooms10
Kitchens2
Washrooms3
Square Feet1500-2000 sqft
Lot Dimensions33 × 165 ft
Fronting OnEast
Dir/Cross StDando Ave
Garage TypeNone
Parking Drive Spaces3
Total Parking Spaces3
ExteriorBrick
RoofAsphalt Shingle
FoundationStone
BasementFull, Walk-Up, Separate Entrance
Heating TypeForced Air
Heating SourceGas
A/CCentral Air
SewersSewer
Taxes (2025)$3,782.4
HSTIncluded In
Listed Date4/1/2026
Days on Market76 days
Possession30-90 days

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Listing Courtesy of: RE/MAX REAL ESTATE CENTRE INC.

MLS® #X12947170

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

HouseIndex Take: 223 Water Street

This duplex (2 1/2 Storey) is located in Cambridge.

The home offers 4 bedrooms, 3 bathrooms.

Features include a full, walk-up, separate entrance basement, 3 parking spaces.

Additional details: lot dimensions of 33 × 165 feet.

Listed at $499,900 CAD with annual property taxes of $3,782.4 (2025).