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753-757 King St E 6 Unit Apartment Building $2,454,834 USD ($409,139 USD/Unit) Cambridge, ON N3H 3N8
Executive Summary
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.
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.
Property Facts
| Price | $2,454,834 USD | Apartment Style | Low-Rise |
| Price Per Unit | $409,139 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| No. Units | 6 | Building Size | 10,680 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1906/2018 |
| Zoning | C1RM2 - General Commercial | ||
| Price | $2,454,834 USD |
| Price Per Unit | $409,139 USD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 10,680 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1906/2018 |
| Zoning | C1RM2 - General Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (70)
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Photos
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Street
Map
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753-757 King St E
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