$1,290,000
FOR SALE

Triplex

Bedrooms: 7Bathrooms: 4Lot: 48 x 73 ft

806 Duke Street
Cambridge, ON N3H 3T9

**Turnkey Investment Opportunity: Fully Renovated Legal Triplex in Preston** 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 undergone 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 floors. The convenience of ensuite laundry in each unit further enhances the living experience. The exterior of the property is just as 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 $69,600 with minimum expenses. Take advantage of this exceptional opportunity to own a standout rental property. Contact us for more details and to schedule a viewing. (id:47421)
Share
Listed By Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
Data Provided By Waterloo Region Association of REALTORS®
MLS® Listing Number 40534796
Last Updated Apr 02, 2024
Property Summary
Property Type Triplex

More like this:
Subdivision 52 - Preston North
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Bedrooms 7
Bathrooms 4
Lot 48 x 73 ft
Amenities Nearby Public Transit
Listing Contract Date 2024-01-30
Location Description King St E & Westminister Dr N
Ownership Type Freehold
# of Parking Spaces 5
Property Type Multi-family
Transaction Type For sale
Zoning Description R5 CO
Building
Basement Development Finished
Basement Type Full (Finished)
Cooling Type Central air conditioning
Exterior Finish Brick
Foundation Type Stone
Heating Type Forced air, Heat Pump
Stories Total 2.5
Type Triplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Amenities Public Transit
Sewer Municipal sewage system

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)