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$ 819,000
Est. payment | /mo
6 Beds
4 Baths
$ 819,000
Est. payment | /mo
6 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X11964109
Style 2-Storey
Bedrooms 6
Annual Tax Amount $2,649
Tax Year 2024
Property Sub-Type Duplex
Property Description
Incredible Investment Opportunity - Two 3-Bedroom DUPLEX Units in the sought-after downtown Preston of Cambridge. Situated on a corner lot, this property offers exceptional potential for investors or homeowners seeking a flexible living arrangement - LIVE-IN ONE AND RENT THE OTHER. Both Units Have A Large Living Area & A Bright Eat-In Kitchen Including A Storage Area & Access To The Walk-Out Basement. Upstairs, There Are 3 Bedrooms As Well As A 4-Piece Bath. Backyard Is Fenced And Has Access To Parking Lot. Separated hydro and gas meters. Updates include: 200 amp electrical system (2023); Furnace/heat pump (2023); Roof and new vinyl siding (2022); Hot water heater (2020); Two new bedrooms in basements (2023); Two new 3-piece bathrooms on the main floor (2023). Minutes to Hwy 401, Costco, Conestoga College, schools and shopping, Riverside Park, downtown Preston, minutes biking and walking trails. Unit 1304 is fully rented out; the monthly rent is around $3500. When fully rented out, the total rent is about $7000/month for both units. Unit 1306 can be delivered vacant on closing, giving you the freedom to set up tenants at full market rent or customize the space to suit your needs.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Finished with Walk-Out
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Shingles
Lot Frontage 38.8
Lot Depth 115.0
Total Parking Spaces 4
Building
Foundation Poured Concrete
Listed by HOMELIFE LANDMARK REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN