Homes for sale - 806 Duke Street, Cambridge, ON N3H 3T9

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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

$1,225,000

Est. payment - /mo

7 Beds

4 Baths

2,165 SqFt

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UPDATED:

11/13/2024 02:36 PM

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,165 sqft

Price per Sqft $565

MLS Listing ID 40672204

Bedrooms 7

Abv Grd Liv Area 2,722

Originating Board Waterloo Region

Annual Tax Amount $4,275

Property Description

*Cashflow Positive Investment & Vacant Unit* Fully Renovated Legal Triplex in Preston* 5.35% CAP. A lucrative investment opportunity in the Preston community of Cambridge, located under 5 minutes from the 401: a completely overhauled legal triplex, perfect for the most discerning investor. This property underwent a full top-to-bottom renovation completed in December 2020, seamlessly blending historic charm with modern functionality and design. This restoration has under gone all-new electrical systems, each unit equipped with separate panels. The plumbing is entirely redone, including individual meters and sensors.Additionally, each unit is fitted with an updated HVAC system. The interior of each unit in the triplex shows a unique blend of classic and contemporary styles. Custom millwork preserves the original character of the building, while modern amenities add a touch of luxury and convenience. Tenants appreciate the high-end finishes in each unit, including stainless steel appliances, elegant quartz countertops, durable vinyl plank flooring, and sound insulation in the ceilings. The triplex is designed for both efficiency and independence. Each unit has separate utilities for hydro, water, and gas, along with a dedicated electric water heater for each unit. Units A and C feature separate furnaces and air conditioners, while Unit B is equipped with a high-efficiency heat pump, a two-zone ductless split system, and the added luxury of heated bathroom flrs. The convenience of ensuite laundry in each unit further enhances the living experience. The exterior is thoughtfully designed, with new windows, doors, veranda, decking and powder-coated railings, separate parking and individual outdoor spaces for each unit. Fantastic rents totalling a yearly income of $72,197.88 with minimum expenses. Take advantage of this exceptional opportunity to own a standout rental property.

Location

Province ON

County Waterloo

Area 15 - Preston

Zoning R5 CO

Direction King St E & Westminister Dr N

Rooms

Basement Separate Entrance, Full, Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Forced Air, Heat Pump

Cooling Central Air, Other

Fireplace No

Appliance Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Waterfront No

Roof Type Asphalt Shing

Lot Frontage 48.0

Lot Depth 73.0

Garage No

Building

Lot Description Public Transit

Faces King St E & Westminister Dr N

Story 2.5

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2.5

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 037830048

Ownership Freehold/None

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Listed by Chestnut Park Realty Southwestern Ontario Ltd., Brokerage

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

806 Duke Street Cambridge, ON N3H 3T9

Doug Folsetter

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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806 Duke Street