753-757 King St E - Apartments FOR SALE


Cambridge, ON N3H 3N8- Preston Core
$3,329,999 CAD
519-496-2211
753-757 King St E, Cambridge, ON for Sale
$3,329,999 CAD
Apartments - FOR SALE
1/2
null | Request Cap Rate

753-757 King St E
Cambridge, ON N3H 3N8
Preston Core


OVERVIEW

Situated in the vibrant core of downtown Preston, this well-maintained mixed-use property presents a turnkey investment with strong, stable returns. The ground level offers approximately 4,000 sq. ft. of commercial space, currently leased to two long-standing tenants, ensuring consistent income. Above, the second floor features six fully occupied residential apartments, providing a diversified revenue stream. With all units leased and immediate income in place, this property is ideal for investors seeking a hassle-free asset in a thriving, amenity-rich location.

FOR SALE DETAILS

PRICE

$3,329,999 CAD

PRICE/SF

$312 CAD /SF

# OF UNITS

6

PRICE/UNIT

$555,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C1RM2

APN/PARCEL ID

300610001708500

ASK ABOUT THIS PROPERTY

Nick PecarskiCBRE, LimitedMore Info
519-496-2211

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Nick PecarskiCBRE, LimitedMore Info
519-496-2211

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.