806 Duke Street

806 Duke Street
806 Duke Street
806 Duke Street
+41
7
 bed
4
 bath
5
 parking
2165 - 2165
 sqft
For Sale
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6 days
 on site
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$1,225,000
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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
**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.
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
Show all details
Allie Hosch
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40581331
Listed by Chestnut Park Realty Southwestern Ontario Ltd., Brokerage

About 806 Duke Street

Located at 806 Duke Street, this Cambridge triplex is available for sale. 806 Duke Street has an asking price of $1225000, and has been on the market since April 2024. This triplex has 7 beds, 4 bathrooms and is 2165-2165 Squa.

806 Duke St, Cambridge is a 25-minute walk from Tim Hortons for that morning caffeine fix. Groceries can be found at Farm Boy which is a 25-minute walk and you'll find Preston Medical Pharmacy a 4-minute walk as well. Love being outside? Look no further than Riverside Park, which is a 9-minute walk. There is a zoo,African Lion Safari, that is a 11-minute drive and is a great for a family outing.

Getting around the area will require a vehicle, as there are no nearby transit stops.

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