PERFECT INVESTMENT OPPORTUNITY. This property sits tucked away in a great little neighbourhood in Preston. It is currently a LEGAL DUPLEX, however, the current zoning permits up to 3 units. The property is presently operating with 3 units and an in-law suite. Major renovations were completed in 2019, including new plumbing and electrical. The property is currently generating $4300 / mo and with an approximate market rent of $1900 for the vacant 2 bed unit, that would change to over $6200 monthly, rents are all inclusive. All units have their own mini-split systems for heat/cooling and have their own hydro panel and water heater.
| MLS # | 40869021 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1943 |
| Days On Site | 36 |
| Listing Provided By | Valery Real Estate Inc. | Brett Cason |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 1,870 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | C3 |
| Acreage | 0.13 |
| Appliances | Instant Hot Water, Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer |
|---|---|
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Other |
| Lot Features | Rectangular, Park, Place of Worship, Public Transit, Schools |
|---|---|
| Construction Materials | Aluminum Siding, Brick |
| Roof | Asphalt Shing |
| Foundation Details | Poured Concrete |
| Parking Features | Asphalt |
|---|---|
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
| Sewer | Sewer (Municipal) |
|---|
| Tax Annual Amount | 5938 |
|---|
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N3H 2X4 |
| Area | 15 Preston |
| Subarea | 53 Preston South |
| Community Name | 53 Preston South |
| Listing VS Median (in 53 Preston South) | |
Price: $769,000 low | high Med: $535,000 sqft: 1,870 low | high Med: 1,057 $ / sqft: $411 low | high Med: $507 On site: 36 low | high Med: 56 | |
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N3H 2X4 |
| Area | 15 Preston |
| Subarea | 53 Preston South |
| Community Name | 53 Preston South |
| Listing VS Median (in 53 Preston South) | |
Price: $769,000 low | high Med: $535,000 sqft: 1,870 low | high Med: 1,057 $ / sqft: $411 low | high Med: $507 On site: 36 low | high Med: 56 | |