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
Property Type:
Residential Income
Property SubType:
Multi-6-9 Unit
Listing General Location:
52 - Preston North, 15 - Preston
Bedrooms:
0
Bathrooms:
0.0
(Full:-/Half:-)
Lot Details:
157.45 x 67.1
Lot Depth:
157'5"48 m
Lot Frontage:
67'1"20.5 m
Kitchens:
0
Elementary School:
Preston Ps & St. Joseph's
High School:
Preston Hs & St. Benedict's Css
County Or Parish:
Waterloo
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, New Construction: No
Construction:
Brick, Stone, Vinyl Siding
Basement:
Partial, Unfinished
Foundation:
Stone
Roof:
Flat, Membrane
Year Roof Replaced:
2013
Number of Storeys:
3
Number of Buildings:
1
Total Floor Area:
5,817 sq. ft.540 m2
Finished Area Above Grade:
5,817 sq. ft.540 m2
Fireplace:
false
Laundry Features:
Common Area, Shared
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Forced Air, Natural Gas
Age Electric:
10 YRS
Age Tank:
3 YRS
None
Refrigerator, Stove
All Tenants Belongings
Separate Hydro Meters
false
No
BISHOP ST. N. TO KING ST. E.
Unknown
No
Carbon Monoxide Detector(s)
HST Applicable To Sale Price:
Yes
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, New Construction: No
Electric Expense:
$1,288.57
Insurance Expense:
$7,012.43
Expenses:
Actual
Heating Expense:
$4,116.96
Snow Garbage Expense:
$1,600
Net Income:
$69,342.02
Under Contract Costs Monthly:
$751.05
Zoning:
C1RM2
Lot Site Features:
Rectangular, Ample Parking, Business Centre, City Lot, Highway Access, Hospital, Public Transit, Schools
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, New Construction: No