$1,695,000

Investment For Sale In Central Park, Cambridge, Ontario

$1,695,000

Property Information:

Located in downtown Preston and built in the 1800's stands 840-846 King St E 6 PLEX. Solidly Built mainly with Stone and brick, It's comprised of 2 commercial and 4 apartments on a huge land plot measuring almost 67 ft x 156 ft leaving plenty of room for a possible future expansion out back- (Buyer to conduct their own due diligence). All residential apartments have been updated top to bottom in the last 10 years, all having their own hydro, new kitchens, baths, plumbing, electrical, etc..... 2 gas furnaces heat the entire building ( 4 yrs), 1 water meter. All building and renovation permits have all been completed. New roof in 2014, all main cast iron pluming lines removed, 7 hydro meters including 1 house meter for basement and common halls, all Bavarian windows replaced in 2014, parking for 8 cars. Adjacent vacant land next door also for sale and combined could make this property a larger commercial-multi family investment with current zoning of C1RM2. This property is listed as one of Cambridge Heritage Properties Register (id:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Unfinished
  • Basement Type: Partial
  • Exterior Finish: Brick, Stone, Vinyl siding
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 6
  • Access Type: Highway access
  • Amenities Nearby: Hospital, Park, Playground, Public Transit, Schools, Shopping
  • Community Features: High Traffic Area, Community Centre
  • Features: Crushed stone driveway
  • Fence Type: Fence
  • Lot Depth: 156.0 Feet
  • Lot Frontage: 67.0 Feet
  • Zoning: C1RM2
  • Sewer: Municipal sewage system
  • Parking Type: Detached garage, Visitor parking
  • No. of Parking Spaces: 8

Courtesy of: RE/MAX TWIN CITY REALTY INC., BROKERAGE

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.