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125 SCHLUETER Street, Cambridge — listed at $1,250,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Very well maintained 6 plex with great tenants. Located on a quiet residential street close to all amenities, downtown Preston, Riverside Park, Hespeler Rd, TMMC plant, Hwy 8 and 401, this brick multi residential property really is in a fantastic location. With future possibilities of a LRT development down Eagle St this property is in a prime location. Lots of updates, excellent maintenance and happy tenants makes this is a smart turn key investment. (id:60164)
How is the home heated? Is it efficient?+
Heating is radiant heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
This home was built in 1963 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
What makes this a luxury property?+
At $1,250,000, standout features include 5800 sq ft, 6 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $9,171, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Partially finished, Full. A finished basement adds meaningful living space beyond the listed square footage.
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