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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.
Exceptional opportunity to own a well-maintained 6-plex with strong, reliable tenants. Nestled on a quiet residential street, this solid brick multi-residential property offers both stability and future growth potential. Conveniently located near downtown Preston, Riverside Park, Hespeler Road, the TMMC plant, Hwy 8, and Hwy 401, residents enjoy easy access to all amenities while benefiting from a peaceful neighborhood setting. With the proposed LRT expansion along Eagle Street, this property is positioned in a prime corridor for long-term value appreciation. Recent updates, excellent ongoing maintenance, and a roster of happy tenants make this a true turn-key investment. Whether you're expanding your portfolio or seeking a secure income property, this 6-plex combines location, quality, and future potential in one outstanding package. (id:60164)
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is 125 SCHLUETER STREET a good fit for a growing family?+
With 11 bedrooms and 6 bathrooms, there's room for kids plus a guest room or home office. The 3-storey layout keeps living and sleeping areas separated.
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.
What makes this a luxury property?+
At $1,250,000, standout features include 6 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
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.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $8,712, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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