Presented by: Valery Real Estate Inc.
Property Description
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.
Interior Features
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths3
Other Interior Features
Above Grade Finished Area1,870 sqft
Above Grade Finished Area Unit Type0 sqft
Air Conditioning Y/NNo
BasementFull, Finished
Below Grade Finished Area Unit Type0 sqft
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesOther
Total Stories3
General
AppliancesInstant Hot Water, Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer
Attached Garage No
Building Area Units0 sqft
Carport Y/NNo
CityCambridge
Construction MaterialsAluminum Siding, Brick
CoolingCentral Air
CountyWaterloo
DirectionsKing St / Church St S
Electric Expense300
Garage Y/NNo
HeatingForced Air, Natural Gas
Living Area1,870 sqft
Lot Size Square Feet5,706 sqft
Lot Size UnitsAcres
MLS Area15 - Preston
MLS Area Minor53 - Preston South
New ConstructionNo
Number Of Units Total4
Open Parking Spaces4
Other StructuresShed(s)
Property SubtypeMulti-3 Unit
Property TypeResidential Income
RoofAsphalt Shing
Senior Community Y/NNo
SewerSewer (Municipal)
Standard StatusActive
StatusActive
Stories Count2
Virtual TourClick here
Virtual TourClick here
Year Built1943
ZoningC3
Exterior
Building Area Total1,870 sqft
Crops Included Y/NNo
Foundation DetailsPoured Concrete
Frontage Length100 sqft
Frontage TypeWest
InclusionsOther
Lot Dimensions100.81 x 56.8
Lot FeaturesRectangular, Park, Place of Worship, Public Transit, Schools
Lot Size Acres0.131
Lot Size Area0 sqft
Lot Size SourceGeoWarehouse
Number of Buildings0
Parking FeaturesAsphalt
Total Parking4
Water SourceMunicipal
Waterfront Y/NNo
Additional Details
Schools
High School
Hubert H Humphrey Middle School
Elementary School
Big Hollow Elementary School
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