Located minutes from Highway 401, near the border of Kitchener and within walking distance to Toyota, this large yellow brick century home offers a prime investment opportunity in a high-demand commuter rental area.
Offering approximately 2,600 sq ft, the property is currently configured as a side-by-side duplex with two self-contained units: one 3-bedroom and one 2-bedroom, for a total of 5 bedrooms and 2 bathrooms. Both tenants are willing to stay, providing immediate rental income, or buyers can choose to live in one unit and rent the other as a strong mortgage helper.
The home features spacious principal rooms, two staircases, and century-home character, presenting significant upside for investors looking to add value through updates or improved rents.
Ideally located steps from a major park and walking distance to downtown Preston in Cambridge, the property benefits from strong rental fundamentals, and excellent commuter access. A versatile opportunity to hold as a duplex, renovate for increased returns, or convert into a stunning single-family heritage home.
Property Type:
Residential Income
Property SubType:
Duplex Side/Side
Listing General Location:
52 - Preston North, 15 - Preston
Bedrooms:
5
Bathrooms:
2.0
(Full:-/Half:-)
Lot Details:
54 x 0
Lot Depth:
0'0 m
Lot Frontage:
54'16.5 m
Frontage Type:
East
Kitchens:
0
County Or Parish:
Waterloo
Features:
Crops Included: No, Garage: No, New Construction: No
Construction:
Brick
Basement:
Full, Unfinished
Foundation:
Concrete Block, Stone
Roof:
Asphalt Shing
Year Roof Replaced:
2013
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
2,602 sq. ft.242 m2
Finished Area Above Grade:
2,602 sq. ft.242 m2
Fireplace:
false
Laundry Features:
In-Suite, Multiple Locations
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air, Natural Gas
Smoke Detector
Tenant's Belongings
Ceiling Fan(s)
false
No
King St. W. to Fountain St. N.
No
Smoke Detector, Smoke Detector(s)
HST Applicable To Sale Price:
No
Features:
Crops Included: No, Garage: No, New Construction: No
Zoning:
R3
Lot Site Features:
Airport, Highway Access, Hospital, Library, Park, Place of Worship, Public Transit, Shopping Nearby
Features:
Crops Included: No, Garage: No, New Construction: No