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806 Duke St

Duke StPreston CentreCambridgeON, N3H 3T9

7
Beds
4
Baths
2,722
Sq. Ft.
$1,225,000
List Price
806 Duke St, Cambridge, ON - 1 of 3
806 Duke St, Cambridge, ON - 2 of 3
806 Duke St, Cambridge, ON - 3 of 3
31 days on market

Quick Summary

  • Fully renovated legal triplex
  • Lucrative 5.2% CAP investment
  • Seamless blend of historic charm and modern design
  • Upgraded electrical, plumbing, and HVAC systems
  • High-end finishes in each unit
  • Separate utilities and laundry for each unit
  • Thoughtfully designed exterior with new windows, doors, and decking
  • Fantastic rents totaling $70,336.44 annually

**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... Show More

**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:54626)

Property Details

Size

2,722 sq. ft.
across 2 floors
7 Beds
4 Baths
4 Full

Parking

5 Parking Spaces
-

Lot

Size
576′0″ * 876′0″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Finished
Exterior
Brick
Foundation
Stone
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air, Heat Pump
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40581331
Last Updated
May 31, 2024
Brokerage
Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
Powered by: REALTOR.ca
Call us 800-591-0566

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