17 Days on Market

806 Duke St, Cambridge, Ontario N3H 3T9

$1,225,000
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Townhouse
-
4
~2722.14 sqft

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Highlights

Estimated Value$753,000*

Price/Sqft$450/sqft

Days On Market17 days

Est. Mortgage$5,261/mth

Tax Amount (2023)$4,275/yr

*Last updated on: 24/05/18

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.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~2722.14 SqFt
Lot Size3,504 SqFt(73 x 48)
Parking Spaces5
MLS ®Number40581331
Community NameCentral Park
Board NameITSO

Features

Heating: Forced Air, Heat Pump
Cooling: Central Air, Other
Basement: Separate Entrance, Full, Finished

Features

Lot size: 3,504 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 5


Property History

Now
Listed for$1,225,000
17 days on market
history photo preview44
May 1, 2024
Listed for$1,290,000Terminated
92 days on market
history photo preview37
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Property listed by Chestnut Park Realty Southwestern Ontario Ltd., Brokerage, Brokerage

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