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806 Duke Street Cambridge, Ontario N3H 3T9

7 Bedroom 4 Bathroom 2722.14 sqft
Central Air Conditioning Forced Air, Heat Pump

$1,225,000

**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:58726)

Property Details

MLS® Number 40581331
Property Type Multi-family
Amenities Near By Public Transit
Parking Space Total 5

Building

Bathroom Total 4
Bedrooms Total 7
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 3
Size Interior 2722.14 Sqft
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Sewer Municipal Sewage System
Size Depth 73 Ft
Size Frontage 48 Ft
Size Total Text Under 1/2 Acre
Zoning Description R5 Co

https://www.realtor.ca/real-estate/26831103/806-duke-street-cambridge

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Contact us for more information


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Erik Erwin
Salesperson

(226) 240-3695
(519) 885-1251
www.eerealestate.ca/
www.linkedin.com/in/erik-erwin-27b21036
https://www.instagram.com/air_rick_/

Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
75 King Street South Unit 50
Waterloo, Ontario N2J 1P2

(519) 804-7200
(519) 885-1251
www.chestnutparkwest.com/
https://www.facebook.com/ChestnutParkWest
https://www.instagram.com/chestnutprkwest/

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