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1305-1309 King Street E, Cambridge, Ontario, N3H3R2

1305-1309 King Street E, Cambridge, Ontario
Representative
Bonnie Greenwood portrait
Bonnie Greenwood
Sales Representative
Keller Williams Golden Triangle Realty Inc. Brokerage
Cell: 519-404-6887
Tel: 226-336-9860

$849,000 - For sale

MLS®:30648299

NEWLY RENOVATED TRIPLEX FOR SALE ON PRIME CORNER IN PRESTON. THIS UNIT IS FULLY TENANTED AND PRODUCES SOLID MONTHLY CASH FLOW. CURRENTLY YIELDS A 4.3% 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. UNION GAS HAS REQUESTED SITE ACCESS TO INSTALL A SMALL "VAULT STATION" ON SITE. CURRENT OFFER IS $10,000 TO THE FUTURE OWNER SHOULD THEY OPT TO ACCEPT IT. (id:2471)

Property Details
  • Property Type:Multi-family
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Driveway:Gravel, No Garage
Structure Details
  • Structure Style:Triplex
  • Square Footage:4500 sqft
  • Heating Type:Natural gas, Forced air
  • Exterior Type:Concrete, Stone
Amenities Park setting, Park/reserve, Crushed stone driveway, Carpet Free
Representative
Bonnie Greenwood portrait
Bonnie Greenwood
Sales Representative
Keller Williams Golden Triangle Realty Inc. Brokerage
Cell: 519-404-6887
Tel: 226-336-9860
Request Information
Mortgage Calculator Inputs
Mortgage Calculator Results
Note: All calculations for informational purposes only, and should be verified.
Get Pre-Approved

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Listing Office: CENTURY 21 HERITAGE HOUSE LTD., BROKERAGE

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