<-- style PDP --> 806 Duke Street, Cambridge - Multi-3 Unit for sale for $1,225,000
  • sold

806 Duke Street

Cambridge, ON, N3H 3T9 - Preston North

$1,225,000$000000

  • Neighbourhood

    Preston North

  • Major Intersection

  • Listed Since: 545 day(s)

  • Last update: 252 day(s) ago

Overview

  • Property Type

    Multi-3 Unit, Residential Income

  • Bedrooms

    n/a

  • Bathrooms

    4

  • Basement

    Separate Entrance, Full, Finished

  • Kitchen

    n/a

  • Total Parking

    5

  • Lot Size

    Available Upon Request

  • Taxes

    $4,275.00 (2023)

  • Type

    Freehold

Property Description

Property description for 806 Duke Street, Cambridge

*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.

Listed by Chestnut Park Realty Southwestern Ontario Ltd., Brokerage

  • MLS #

    40672204

  • Sq. Ft

    2722.14

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    n/a

  • Total Parking

    5

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    Brick

  • Fireplace

    n/a

  • Roof

    Asphalt Shing

  • Foundation

    Stone

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air, Heat Pump

  • A/C

    Central Air, Other

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    n/a

  • Central Vac

    n/a

  • MLS #

    40672204

  • Sq. Ft

    2722.14

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    n/a

  • Total Parking

    5

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    Brick

  • Fireplace

    n/a

  • Roof

    Asphalt Shing

  • Foundation

    Stone

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air, Heat Pump

  • A/C

    Central Air, Other

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    n/a

  • Central Vac

    n/a

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

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Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 806 Duke Street, Cambridge

This property has been sold 3 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Closing Cost Calculator

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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