Great investment opportunity in the heart of Preston. COMM/RES ZONING (C2/RM3). Park 4 cars via right of way off Montrose, 2 separate one-bedroom unit on the main floor, 1 two-bedroom unit on the second floor - completely refinished from top to bottom. 3 new hot water tanks, new forced air furnace, new siding on the upper rear fade, new washer/dryer installed in 2 units, new 200 AMP electrical services. The unit at the front is rented out for $900/month, the unit at the rear is rented out for $1800/month. The two-bedroom unit on the second floor is rented out for $2300/month. The monthly income for the whole property is $5000/month.
MLS# | 40668953 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Days On Site | 80 |
Listing Provided By | HOMELIFE LANDMARK REALTY INC | Roy Li |
Bed(s) | 4 |
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Bath(s) | 3 |
SQ Feet | 1,550 |
Basement | Y |
Story(s) | 2 |
Units | 3 |
Zoning | C2/RM3 |
State | ON |
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County | Waterloo |
City | Cambridge |
Zip Code | N3H 3P8 |
Area | 15 Preston |
Subarea | 53 Preston South |
Community Name | 53 Preston South |
Listing VS Median (in 53 Preston South) | |
Price: $849,900 low | high Med: $699,900 SqFt: 1,550 low | high Med: 1,099 $ / SqFt: $548 low | high Med: $637 On Site: 80 low | high Med: 58.000000 |