1260 King St E

King St E, Preston Centre, Cambridge, ON, N3H 3P8

Beds

Baths

1,550

Sq. Ft.

$849,900

List Price

New

12 days on market

Quick Summary

Desirable commercial/residential zoning
Ample off-street parking via right-of-way
Fully renovated with new systems and finishes
Stable rental income from 3 separate units
Vacant 2-bedroom unit with high rental potential

Great investment opportunity in the heart of Preston. COMM/RES ZONING (C2/RM3). Park 4 cars via right of way off Montrose, 2 separate one-bedroom unit on the main floor, 1 two-bedroom unit on the second floor - completely refinished from top to bottom. 3 new hot water tanks, new forced air furnace, new siding on the upper rear fade, new washer/dryer installed in 2 units, new 200 AMP electrical services. The unit at the front is rented out for $900/month, the unit at the rear is rented out for $1800/month. The two-bedroom unit on the second floor is vacant, and can be rented out for $2300/month. The monthly income when fully rented out is about $5000/month. (id:54626)

Property Details

Size

1,550 sq. ft.

across 2 floors

4 Beds

3 Baths

3 Full

Parking

4 Parking Spaces

Lot

Size

252′0″ * 1163′12″

Acres

Build

Year Built

Model Name

Basement

Unfinished

Exterior

Aluminum siding, Metal, Other, Vinyl siding, Wood

Foundation

Stone

Builder Name

Stories

Flooring

Roof

Heating & Cooling

Heating

Forced air

Cooling

None

Utilities

Water

Municipal water

Sewer

Municipal sewage system

SHOW LESS

Ownership Details

Ownership

Title

Freehold

Zoning

Source

Listing Brokerage

MLS® Listing

40668953

Brokerage

HOMELIFE LANDMARK REALTY INC

MLS® Listing

40668953

Last Updated

October 27, 2024

Brokerage

HOMELIFE LANDMARK REALTY INC

Call us 800-591-0566

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