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$ 524,900
Est. payment /mo
Price Dropped by $24K
163 FOUNTAIN Street N Cambridge, ON N3H1H7
5 Beds
2 Baths
2,602 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2602
Square Footage 2,602 sqft
Price per Sqft $201
Subdivision 52 - Preston North
MLS® Listing ID 40810728
Bedrooms 5
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 2
Garage No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by ROYAL LEPAGE CROWN REALTY SERVICES INC.
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