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$1,695,000

Cambridge ON, N3H 3P2

MLS® # 40714569

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- 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

Inclusions: None

Exclusions : All Tenants Belongings

Building Features:

  • Floor Space: 5817 Square Feet

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Construction Materials: Brick, Stone, Vinyl Siding
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open, Private Drive Triple+ Wide
  • Floor Space (approx): 5817 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Common Area, Shared
  • Lot Depth: 157.45 Feet
  • Lot Features: Rectangular, Ample Parking, Business Centre, City Lot, Highway Access, Hospital, Public Transit, Schools
  • Lot Frontage: 67.10 Feet
  • Parking Features: Detached Garage, Gravel
  • Roof: Flat, Membrane
  • Security Features: Carbon Monoxide Detector(s)
  • Water Source: Municipal
  • Zoning: C1RM2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 8

Courtesy of: RE/MAX TWIN CITY REALTY INC. BROKERAGE-2

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Potential Investment Performance

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Location of 840-846 King Street E, Cambridge, ON, N3H 3P2

Demographic Information of 840-846 King Street E, Cambridge, ON, N3H 3P2

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$98,285.12

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.7 %

High school certificate or equivalent

33.48 %

Apprenticeship trade certificate/diploma

7.07 %

College/non-university certificate

27.37 %

University Degree

15.39 %

Commuter

Travel To Work

By Car

87.55 %

By Public Transit

4.56 %

By Walking

3.42 %

By Bicycle

0.0 %

By Other Methods

4.47 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.37 %

Houses

58.63 %

Own Vs. Rent