Address
806 DUKE Street, Cambridge, ON
Price
$ 1,225,000
Property Attributes
- ID#40581331
- TypeMulti-Family
- CountyKITCHENERWATERLOO
- CityCambridge
- NeighborhoodCentral Park
- ZipN3H 3T9
- StyleTriplex
- Price$ 1,225,000
- Bedrooms7
- Bathrooms4
- Half Bathrooms0
- Sqr Footage2722
Data Source:
RLP - CREA EN
Property Description
**Turnkey Investment Opportunity: Fully Renovated Legal Triplex in Preston** 5.2% CAP (self-managed). 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-tobottom 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 flrs. 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 $70,336.44 with minimum expenses. Take advantage of this exceptional opportunity to own a standout rental property. Contact us for more details & to schedule a viewing. (id:27)
General Features
| Zoning | R5 CO |
|---|---|
| Terms | SALE |
| Parking | yes |
| Building Type | Triplex |
| Amenities Nearby | Public Transit |
| Property Type | Multi-family |
| Sewer | Municipal sewage system |
| Location Description | King St E & Westminister Dr N |
| Parking Spaces | 5 |
| Property Title | Freehold |
Interior Features
| Total Baths | 4 |
|---|---|
| Bedrooms | 7 |
| Basement | Finished |
| Basement Type | Full |
| Cooling Type | Central air conditioning |
| Foundation Type | Stone |
| Heating Type | Forced air,Heat Pump |
| Beds | 7 |
| Total Baths | 4 |
Exterior Features
| Exterior Finish | Brick |
|---|---|
| Lot Frontage | 48.0 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in N3H 3T9
Price
Visits
In The Neighborhood
Cambridge
$ 769,900
- Type
- Multi-Family
- Size
- 2,311 SqFt
- Rooms
- 6 Beds + 0 Baths
Listed by: Re/Max Real Estate Centre Inc., Brokerage
Cambridge
$ 1,600,000
- Type
- Multi-Family
- Size
- 7,412 SqFt
- Rooms
- 6 Beds + 0 Baths
Listed by: Re/Max Solid Gold Realty (Ii) Ltd.
Cambridge
$ 999,900
- Type
- Multi-Family
- Size
- 2,175 SqFt
- Rooms
- 4 Beds + 0 Baths
Listed by: Re/Max Twin City Realty Inc. Brokerage-2
Cambridge
$ 1,250,000
- Type
- Multi-Family
- Size
- 2,260 SqFt
- Rooms
- 4 Beds + 0 Baths
Listed by: Davenport Realty Brokerage
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