806 DUKE Street, Cambridge, Ontario N3H3T9

  • $1,225,000
806 DUKE Street, Cambridge, Ontario N3H3T9
For Sale
806 DUKE Street, Cambridge, Ontario N3H3T9
  • $1,225,000

Overview

Property ID: 2436091
  • Multi-family
  • Property Type
  • 7
  • Bedrooms
  • 4
  • Bathrooms
  • 5
  • Garages
  • 2722.14

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:56724)

Details

Updated on June 1, 2024 at 1:15 pm
  • Property ID: 2436091
  • Price: $1,225,000
  • Property Size: 2722.14
  • Bedrooms: 7
  • Bathrooms: 4
  • Garages: 5
  • Property Type: Multi-family
  • Property Status: For Sale
  • MLS#: 40581331
  • MLS Status: Active

Additional details

  • Sewer: Municipal sewage system
  • Cooling: Central air conditioning
  • Heating: Heat Pump,Forced air
  • Stories: 2.5
  • Basement: Finished,Full
  • Directions: King St E & Westminister Dr N
  • Water Source: Municipal water
  • Parking Total: 5
  • Structure Type: Triplex
  • Common Interest: Freehold
  • Tax Annual Amount: 4275
  • Foundation Details: Stone
  • Zoning Description: R5 CO
  • Number Of Units Total: 3
  • Address 806 DUKE Street
  • City Cambridge
  • Province Ontario
  • Postal Code N3H3T9
  • Area 52 - Preston North
  • Country Canada

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