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752 Sherring Street

Preston South, Cambridge, ON N3H 2X4

For Sale · MLS® 40869021 · Cornerstone (ITSO) MLS®
6
Beds
3
Baths
1870
Sqft
Multi-3 Unit
Type

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.

01 / Property recordListing details

Key Facts

MLS® #
40869021
Board
Cornerstone (ITSO) MLS®
Days on market
Tax
$5,938
Size
1870 sqft
Lot
100.81 × 56.8 Acres
Parking
4 Parking

Listing History

Listing activity for 752 Sherring Street, Cambridge, ON

Date StartDate EndList PricePriceEventListing ID
N/AN/A$769,000N/AFor Sale40869021

Property Details

Property

Property Type
Multi-3 Unit
Style
Other
Community
Preston South
Municipality
Cambridge

Inside

Bedrooms
6
Bathrooms
3
Basement Type
Full, Finished

Utilities

Water
Municipal
Cooling
Central Air
Heating Type
Forced Air, Natural Gas

Building

Size
1870 sqft
Construction
Aluminum Siding, Brick

Parking

Driveway
Private Drive Single Wide
Add. Parking
4
Total Parking
4

Land

Sewer
Sewer (Municipal)
Lot Size
100.81 × 56.8 Acres
Lot Size Code
Acres

Additional

Year built
1943
Foundation
Poured Concrete
Roof
Asphalt Shing
Extras
Instant Hot Water, Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer

Rooms (12)

Room 1

Level not provided

Room 2

Level not provided

Room 3

Level not provided

Room 4

Level not provided

Room 5

Level not provided

Room 6

Level not provided

Room 7

Level not provided

Room 8

Level not provided

Room 9

Level not provided

Room 10

Level not provided

Room 11

Level not provided

Room 12

Level not provided

Location

Open in maps
02 / Plan your numbersTools

Mortgage Tools

Mortgage calculator

20%

Monthly Payment

$3,526

  • Down payment$153,800
  • Mortgage amount$615,200
  • Total interest$442,600
  • Total cost$1,211,600

Cash flow analysis

$3,526

Total monthly payment

$4,021

Break-even down payment

100%

Cash flow-$4,021
03 / Community profileNeighbourhood demographics

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$769,000

$769,000

CAD

Estimate unavailable

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