1214-1218 KING Street E

About this home.

Excellent Investment Opportunity in Preston South! This fully rented and well-kept 5-unit multi-residential property sits on a large 66 ft x 165 ft lot. It features 2 one-bedroom units, 2 two-bedroom units, and 1 three-bedroom unit, plus a shared laundry room, a double detached car garage. Prime location close to groceries, restaurants, coffee shops, Cambridge Memorial Hospital, banks, and with easy access to Highway 401. A solid addition to any investor’s portfolio! (id:59491)

The full record.

How this listing prices against Preston South.

Preston South had 2 sales and 12 active listings, so inventory is running well ahead of completed deals. The average sale price was $620,000, below the Cambridge average, and the homes that did sell moved quickly at 8 days on market. The sale-to-list figure is incomplete here, so pricing pressure is harder to measure, but the larger listing count suggests buyers still have leverage overall. This is a neighbourhood where some properties are finding buyers fast, but turnover remains light.

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