806 Duke Street

806 Duke Street
806 Duke Street
806 Duke Street
+37
7
 bed
4
 bath
5
 parking
2165 - 2165
 sqft
Triplex
Sold for
$1,200,000
Listed for
$1,225,000
Sold on 
Feb 3, 2025
93 days
 on site
Sold for
$1,200,000
Listed for
$1,225,000
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Size
-
Lot size
3504 sqft
Street frontage
-
Possession
-
Price per sqft
$554
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 under gone 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.
Broker: Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
MLS®#: 40672204
Property details
Parking:
5
Parking type:
-
Property type:
Triplex
Heating type:
Forced Air
Style:
-
MLS Size:
2165 sqft
Lot front:
48 Ft
Lot depth:
73 Ft
Listed on:
Nov 2, 2024
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806 Duke Street
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About 806 Duke Street

806 Duke Street is a Cambridge triplex which was for sale. Listed at $1225000 in November 2024, the listing is no longer available and has been taken off the market (Sold Conditional). 806 Duke Street 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.

Transit riders take note, 806 Duke St, Cambridge is a short walk to the closest public transit Bus Stop (King / Lowther) with route Fountain.

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