Maximum 4 project can be compared at one go.
$1,225,000
Status: For Sale
*Cashflow Positive Investment & Vacant Unit* Fully Renovated Legal Triplex in Preston* 5.35% CAP. A lucrative investmentopportunity in the Preston community of Cambridge, located under 5 minutes from the 401: a completelyoverhauled legal triplex, perfect for the most discerning investor. This property underwent a full top-to-bottomrenovation completed in December 2020, seamlessly blending historic charm with modernfunctionality and design. This restoration has undergone all-new electrical systems, each unit equipped withseparate panels. The plumbing is entirely redone, including individual meters and sensors. Additionally, eachunit is fitted with an updated HVAC system. The interior of each unit in the triplex shows a unique blend ofclassic and contemporary styles. Custom millwork preserves the original character of the building, whilemodern amenities add a touch of luxury and convenience. Tenants appreciate the high-end finishes in eachunit, including stainless steel appliances, elegant quartz countertops, durable vinyl plank flooring, and soundinsulation in the ceilings. The triplex is designed for both efficiency and independence. Each unit has separateutilities for hydro, water, and gas, along with a dedicated electric water heater for each unit. Units A and Cfeature separate furnaces and air conditioners, while Unit B is equipped with a high-efficiency heat pump, atwo-zone ductless split system, and the added luxury of heated bathroom flrs. The convenience of ensuitelaundry 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.The BEST unit will be VACANT August 1st - Perfect for Owner Occupant
Property Type | :Residential Income |
MLS Number | :40581331 |
Listing Type | :Sale |
Property Age | :100+ Years years |
Possession Date | : |
Last Updated | :14 Aug, 2024 (35 Days ago) |
Source | :Waterloo Region |
Area | :Waterloo |
City | :Cambridge |
Area Major | :15 - Preston |
Area Minor | :52 - Preston North |
Postal Code | : N3H 3T9 |
Directions | :King St E & Westminister Dr N |
Price | : $1,225,000 |
Property Taxes | :$4275 |
Tax Year | :2023 |
Bedrooms | :7 + |
Air Conditioning | :Central Air |
Heating | :Forced Air |
Place of Worship | :No |
Bathrooms | :4 |
Approx Square Footage | :2722.14 sqft |
Parking Space | :5 |
Basement | :Separate Entrance |
01 May, 2024
TREB #40581331
Price Change
$1225000