519.498.8747info@teampinto.com180 Weber Street South
Team Pinto


LOADING

1305-1309 King Street E Cambridge, Ontario N3H 3R2

4500 sqft
None Forced Air

$795,000

NEWLY RENOVATED TRIPLEX FOR SALE ON PRIME CORNER IN PRESTON. THIS UNIT IS FULLY TENANTED AND PRODUCES SOLID MONTHLY CASH FLOW. CURRENTLY YIELDS A 4.6% CAP RATE. THIS FORMER TOBACCO PROCESSING BUILDING HAS A RICH HISTORY AND EXUDES CHARACTER, AND ITS JUST WAITING FOR THE RIGHT INVESTOR TO UNLOCK THE POTENTIAL IN THIS UNIQUE OPPORTUNITY BY SEVERING THE BACK OF THE LOT FOR SALE FOR AN ACCELERATED RETURN ON CASH, OR BUILDING MORE MULTI RESIDENTIAL UNITS ON SITE TO INCREASE DENSITY AND RENTAL YIELDS. OVER $150,000 SPENT IN RENOVATING THIS PROPERTY INCLUDING BRAND NEW FRIDGES, STOVES AND HOT WATER TANK IN UNIT 1305. SITE ALLOWS FOR, 4 MORE TOWN HOMES TO BE BUILT AS OF RIGHT UNDER CURRENT LOT SIZE AND ZONING. (id:24183)

Property Details

MLS® Number 30646014
Property Type Other
Neigbourhood Preston Centre
Amenities Near By Public Transit, Recreation
Community Features Community Centre

Building

Cooling Type None
Fireplace Present No
Heating Type Forced Air
Size Interior 4500 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Recreation
Size Depth 165 Ft
Size Frontage 66 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rm3

Utilities

Water Available

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=19229260

Interested?

Contact us for more information


Cory De Villiers
Salesperson


Century 21 Heritage House Ltd., Brokerage
865 Dundas St
Woodstock, ON N4S 1G8

(519) 621-2460
(519) 570-9151

Your Favourites

 

No Favourites Found