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 saw 3 sales and 12 active listings, so inventory remains well ahead of deal flow. The average price was $606,667, below the Cambridge average, while homes sold in 14.3 days at 97.33 percent of list, suggesting buyers are still acting quickly on the right listings. This is a lower-volume freehold neighbourhood where demand is present, but not broad enough to absorb supply quickly.

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