519.498.8747info@teampinto.com180 Weber Street South
Team Pinto


LOADING

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

4500 sqft
2 Level, Multi-Unit 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 THAT EXUDES CHARACTER AND IS 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. SITE ALLOWS FOR, 4 MORE TOWN HOMES TO BE BUILT AS OF RIGHT UNDER CURRENT LOT SIZE AND ZONING. OVER $150,000 SPENT IN RENOVATIONS ON THIS PROPERTY INCLUDING BRAND NEW FRIDGES, STOVES AND NEW HOT WATER TANK IN UNIT 1305. (id:24183)

Business

Business Type Residential

Property Details

MLS® Number 30648299
Property Type Multi-family
Neigbourhood Preston Centre
Amenities Near By Hospital, Public Transit
Equipment Type None
Features Park Setting, Park/reserve, Crushed Stone Driveway, Carpet Free
Parking Space Total 4
Rental Equipment Type None

Building

Appliances Refrigerator, Stove, Stove
Architectural Style 2 Level, Multi-unit
Basement Development Unfinished
Basement Type Partial (unfinished)
Construction Material Concrete Block, Concrete Walls
Construction Style Attachment Attached
Cooling Type None
Exterior Finish Concrete, Stone
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 4500 Sqft
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital, Public Transit
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 66 Ft
Size Total Text Under 1/2 Acre
Soil Type Clay
Zoning Description Res

Utilities

Water Available

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=19267727

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

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