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Home ON Kitchener - Cambridge - Waterloo Cambridge Central Park
806 DUKE Street
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806 DUKE Street $1,225,000
$1,225,000
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806 DUKE Street
Cambridge, Ontario N3H3T9

MLS® Number: 40672204
7
Bedrooms
4
Bathrooms
2722
Square Feet

Listing 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. (68283482)

Location Description

King St E & Westminister Dr N

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2.5
Square Footage
2722 sqft
Subdivision Name
52 - Preston North
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$4,275
Total Parking Spaces
5
Time on REALTOR.ca
20 days

Building

Bathrooms
Total
4
Interior Features
Basement Type
Full (Finished)
Building Features
Foundation Type
Stone
Total Units
3
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, Heat Pump
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Total Parking Spaces
5

Measurements

Square Footage
2722 sqft
Above Grade Finished
2165 sqft
Source: Other
Below Grade Finished
557 sqft
Source: Other

Land

Lot Features
Frontage
48 ft
Land Depth
73 ft
Other Property Information
Zoning Description
R5 CO
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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