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806 Duke Street
+41
7
bed4
bath5
parking2165 - 2165
sqftTriplex
$1,225,000
Instant Estimate Not Available
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$1,225,000
Instant Estimate Not Available
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Size
-
Lot size
325.53 sqm
Street frontage
-
Possession
-
Price per sqm
$6,095
Taxes
$4,275 (2023)
Parking Type
-
Style
-
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Description
*Cashflow Positive Investment & Vacant Unit* Fully Renovated Legal Triplex in Preston* 5.35% CAP. 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 flrs. The convenience of ensuite
laundry in each unit further enhances the living experience. The exterior is 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 $72,197.88 with minimum expenses. Take advantage of this exceptional opportunity to own a standout rental property.
The BEST unit will be VACANT August 1st - Perfect for Owner Occupant
Broker: Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
MLS®#: 40581331
Property details
Parking:
5
Parking type:
-
Property type:
Triplex
Heating type:
Forced Air
Style:
-
MLS Size:
201 sqm
Lot front:
14.63 M
Lot depth:
22.25 M
Listed on:
Apr 30, 2024
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Instant estimate:
Not Available
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© Property.ca Inc., Brokerage
MLS#: 40581331
Listed by Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
About 806 Duke Street
806 Duke Street is a Cambridge triplex for sale. It has been listed at $1225000 since April 2024. This 2165-2165 Squa triplex has 7 beds and 4 bathrooms.
For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this triplex.
If you are looking for transit, don't fear, 806 Duke St, Cambridge has a public transit Bus Stop (King / Lowther) a short walk. It also has route Fountain close by.
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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. Information deemed reliable but not guaranteed.
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