806 Duke Street, Cambridge

806 Duke Street, Cambridge, ON N3H3T9 Photo 1

44 Photos

806 Duke Street, Cambridge, ON N3H3T9 Photo 2
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806 Duke Street, Cambridge, ON N3H3T9 Photo 7
  • Bedrooms: 7
  • Bathrooms: 4
  • Living area: 2722.14 sqft
  • MLS®: 40581331
  • Added: 2 days ago

Property Details

**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:1945)

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Property Information

  • Sewer: Municipal sewage system
  • Cooling: Central air conditioning
  • Heating: Heat Pump, Forced air
  • List AOR: Waterloo Region
  • Stories: 2.5
  • Basement: Finished, Full
  • Directions: King St E & Westminister Dr N
  • Living Area: 2722.14
  • Photos Count: 44
  • Water Source: Municipal water
  • Parking Total: 5
  • Bedrooms Total: 7
  • Structure Type: Triplex
  • Common Interest: Freehold
  • Subdivision Name: 52 - Preston North
  • Tax Annual Amount: 4275
  • Exterior Features: Brick
  • Foundation Details: Stone
  • Zoning Description: R5 CO
  • Number Of Units Total: 3
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Nearby Places

Name Type Address Distance
Preston, Ontario It is located near the confluence of the Grand Riv... 0.8 km
Preston High School School 550 Rose St 0.9 km
Speed River It flows south from its source near Orton, through... 1.3 km
Langdon Hall Country House Hotel & Spa Restaurant 1 Langdon Dr 2.1 km
Idylwild Park Idylwild fell between the Town of Preston and the ... 2.5 km
Blackshop Restaurant Bar 595 Hespeler Rd 2.6 km
Boston Pizza Sportsworld Restaurant 190 Gateway Park Dr 2.6 km
Boston Pizza Bar 14 Pinebush Rd 2.8 km
East Side Mario's Restaurant 135 Gateway Park Dr 2.9 km
Cambridge Centre Shopping mall 355 Hespeler Rd 2.9 km
Grand River Conservation Authority Establishment 400 Clyde Rd 2.9 km
Cambridge Centre In the 1980s, Hespeler Road became the city's majo... 3.0 km
806 Duke Street mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 806 Duke Street. The current price of the property is $1,225,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $980,000. This would result in a monthly mortgage payment of $5,728 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree 20
Bachelor's degree 40
University / Below bachelor level 10
College 115
University degree at bachelor level or above 60

Neighbourhood Marital Status Stat

Married 350
Widowed 110
Divorced 85
Separated 35
Never married 215
Living common law 90
Married or living common law 445
Not married and not living common law 445

Neighbourhood Construction Date

1961 to 1980 80
1981 to 1990 55
1991 to 2000 40
2001 to 2005 65
2006 to 2010 100
1960 or before 215
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