1214-1218 E King Street
53 - Preston South Cambridge N3H 3P8

$1,499,900
Residential Income beds: 9 baths: 5.0 4,568 sq. ft. built: 1890

View of side of property
Photo 1: 1214-1218 E King Street in Cambridge: 53 - Preston South Multi-5 Unit for sale (15 - Preston) : MLS®# 40717927
Photo 2: 1214-1218 E King Street in Cambridge: 53 - Preston South Multi-5 Unit for sale (15 - Preston) : MLS®# 40717927
Photo 3: 1214-1218 E King Street in Cambridge: 53 - Preston South Multi-5 Unit for sale (15 - Preston) : MLS®# 40717927
Photo 4: 1214-1218 E King Street in Cambridge: 53 - Preston South Multi-5 Unit for sale (15 - Preston) : MLS®# 40717927
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
40717927
Bedrooms:
9
Bathrooms:
5
Year Built:
1890
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!
Property Type:
Residential Income
Property SubType:
Multi-5 Unit
Year built:
1890 (Age: 135)
Listing General Location:
53 - Preston South, 15 - Preston
Bedrooms:
9
Bathrooms:
5.0 (Full:-/Half:-)
Lot Details:
66 x 165
Lot Depth:
165'
Lot Frontage:
66'
Kitchens:
0
County Or Parish:
Waterloo
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, New Construction: No
Construction:
Aluminum Siding
Basement:
Crawl Space, Unfinished
Foundation:
Stone
Roof:
Asphalt Shing
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
4,568 sq. ft.
Finished Area Above Grade:
4,568 sq. ft.
Fireplace:
false
Laundry Features:
Coin Operated
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Forced Air, Natural Gas
Other
Dryer, Refrigerator, Stove, Washer
None
false
No
UNION ST S AND MONTROSE ST S
No
HST Applicable To Sale Price:
Included
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, New Construction: No
Electric Expense:
$3,436.6
Insurance Expense:
$3,231.36
Expenses:
Actual
Heating Expense:
$3,325.56
Laundry Income:
$900
Net Income:
$50,115.12
Zoning:
RM3
Lot Site Features:
City Lot, Near Golf Course, Hospital, Public Parking, Public Transit, School Bus Route, Schools, Shopping Nearby
Features:
Attached Garage: No, Crops Included: No, Garage: Yes, New Construction: No
Garage Spaces:
2.0
Parking Places Covered:
2.0
Parking:
Detached Garage
# Of Total Parking Spaces:
8.0
# Of Open Parking Spaces:
6.0
Driveway Parking:
Private Drive Triple+ Wide
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Listed Date:
Apr 17, 2025
  • Photo 1: 1214-1218 E King Street in Cambridge: 53 - Preston South Multi-5 Unit for sale (15 - Preston) : MLS®# 40717927
    View of side of property
  • Photo 2: 1214-1218 E King Street in Cambridge: 53 - Preston South Multi-5 Unit for sale (15 - Preston) : MLS®# 40717927
    Entrance to property with covered porch
  • Photo 3: 1214-1218 E King Street in Cambridge: 53 - Preston South Multi-5 Unit for sale (15 - Preston) : MLS®# 40717927
    View of front of property with roof with shingles and covered porch
  • Photo 4: 1214-1218 E King Street in Cambridge: 53 - Preston South Multi-5 Unit for sale (15 - Preston) : MLS®# 40717927
    Garage with fence
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Listed by RE/MAX Twin City Realty Inc.
Data was last updated August 2, 2025 at 07:50 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,324,450
Min list price:
$674,900
Max list price:
$4,950,000
Avg days on market:
63
Min days on market:
19
Max days on market:
107
Avg price per sq.ft.:
$312.87
These statistics are generated based on the current listing's property type and located in 15 - Preston. Average values are derived using median calculations. This data is not produced by the MLS® system.
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