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632-634 King St E

6,380 SF 100% Leased Retail Building Cambridge, ON N3H 3N6 £915,321 (£143/SF) 6.06% Net Initial Yield

Investment Highlights

  • Turnkey property undergone comprehensive renovation
  • Ideally located on King St in Cambridge Ontario
  • 1 commercial unit and 4 residential units on 2nd floor

Executive Summary

Fully turnkey and renovated investment opportunity located right in the heart of Preston, at 634 King Street in Cambridge, Ontario. This property boasts $100,000 in Operating Income with its 4 Brand New residential units and 1 Commercial main floor tenant. 4 additional parking spots are located across the laneway 122. Each tenant is responsible for their own utilities with commercial unit paying their share on property expenses.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,380 SF
Building Class
C
Year Built
1910
Price
£915,321
Price Per SF
£143
Net Initial Yield
6.06%
NOI
£55,508
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.13
Lot Size
0.13 AC
Zoning
C1RM2 - Commercial Medium High Density Residential
Parking
8 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
24 ft on King St E
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Scotiabank
Mr. Sub
TD Canada Trust
Curves
RBC Royal Bank
CIBC
Tim Hortons
CrossFit
Nofrills
  • Listing ID: 29367393

  • Date on Market: 25/08/2023

  • Last Updated:

  • Address: 632-634 King St E, Cambridge, ON N3H 3N6

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