806 Duke Street new Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N3H 3T9
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