753-757 KING Street E

About this home.

Located in the heart of downtown Preston, in Cambridge, this well-maintained mixed-use property offers a stable, fully leased investment opportunity. The main floor features approximately 4,000 Sq. Ft. of commercial space, occupied by two long-term tenants, providing reliable income. The second floor includes six residential apartments, adding to the asset's diversified revenue stream. With strong in-place tenancy and immediate availability, this property is ideal for investors seeking a turnkey asset in a vibrant, amenity-rich location. (id:59491)

The full record.

How this listing prices against Preston North.

Preston North posted 9 sales and 19 active listings, making it a fairly active neighbourhood with a split market underneath the surface. The average price was $605,000, below the Cambridge average, and homes sold in 20.7 days at 95.46 percent of list, one of the weaker pricing outcomes in the city. Freeholds are moving well, but condos are taking much longer and selling at steeper discounts, which pulls the overall numbers down.

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