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Pemberton Holmes Ltd.

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163 FOUNTAIN Street N
homes for sale · Cambridge · Preston North
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$524,900

163 FOUNTAIN Street N

Preston North, Cambridge · MLS® 40810728

522

2,602 sq ft · House · Multi-family · 228 days on market

listed by TONY MONTEIRO, ROYAL LEPAGE CROWN REALTY SERVICES INC.

realtor's 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.

property details

type
House, Multi-family
bedrooms
5
bathrooms
2
living area
2,602 sq ft
parking
2
property tax
$5,157 / yr
days on market
228
MLS®
40810728

monthly cost

$2,717/mo
Mortgage $2,287 · Tax $430

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$2,287/ monthly
loan $419,920
25-year amortization
total interest
$266,162
cash to close
$104,980
down payment; transfer tax and fees not included
total paid
$686,082

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Preston North, CambridgeGoogle Maps ↗

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listed by
TONY MONTEIRO
ROYAL LEPAGE CROWN REALTY SERVICES INC.
call TONY · 519-658-3026
Powered by: REALTOR.ca

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location

Preston North, CambridgeGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

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