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:4069)
Address
163 FOUNTAIN Street N
List Price
$549,000
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
Ontario
Sub-Area
Cambridge
Bedrooms
5
Bathrooms
2
Floor Area
2,602 Sq. Ft.
MLS® Number
40810699
Listing Brokerage
ROYAL LEPAGE CROWN REALTY SERVICES INC.
Basement Area
Full (Unfinished)
Postal Code
N3H1H7
Zoning
R3
Site Influences
Airport, Hospital, Park, Place of Worship, Public Transit, Shopping
