163 FOUNTAIN Street N

About this home.

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:59491)

The full record.

How this listing prices against Preston North.

Preston North posted 9 sales and 19 active listings, making it a fairly active neighbourhood with a split market underneath the surface. The average price was $605,000, below the Cambridge average, and homes sold in 20.7 days at 95.46 percent of list, one of the weaker pricing outcomes in the city. Freeholds are moving well, but condos are taking much longer and selling at steeper discounts, which pulls the overall numbers down.

Estimate the monthly carry.