163 FOUNTAIN STREET N, Cambridge, Ontario, N3H 1H7

$549,000

MLS® # X12867936

Investment For Sale In Preston Heights, Cambridge, Ontario

$549,000

Property Information:

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. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Duplex
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish: Brick
  • Floor Space: 2500 - 3000 sqft
  • Foundation Type: Block, Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 2
  • Floor Space (approx): 2500 - 3000 Square Feet
  • Irregular: Yes
  • Lot Frontage: 54 Feet
  • Lot Size: 54 FT ; 108.22 Ft X 54.57 Ft X 89.99 Ft X 58.09
  • Zoning: R3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 2

Rooms:

  • Primary Bedroom 2nd Level 4.80 m x 4.34 m
  • 2nd Bedroom 2nd Level 2.49 m x 2.72 m
  • Bathroom 2nd Level 4.73 m x 1.63 m
  • Primary Bedroom 2nd Level 4.57 m x 2.62 m
  • 2nd Bedroom 2nd Level 2.77 m x 3.63 m
  • 3rd Bedroom 2nd Level 2.72 m x 4.90 m
  • Bathroom 2nd Level 2.72 m x 1.98 m
  • Living Main Level 3.66 m x 4.57 m
  • Kitchen Main Level 5.38 m x 3.71 m
  • Dining Main Level 3.66 m x 2.84 m
  • Living Main Level 5.87 m x 4.37 m
  • Kitchen Main Level 3.58 m x 4.44 m

Courtesy of: Royal LePage Crown Realty Services

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