Located in the vibrant heart of Preston, 634 King Street East presents an exceptional investment opportunity. This property generates an impressive $105,000 in net operating income, thanks to its four newly gutted and fully renovated units, all of which are utility independent. Each tenant is responsible for covering half of their own utilities, with the commercial unit contributing to the property's expenses. The building, encompassing 6,380 square feet, has been thoroughly updated within the last three years. Upon closing, there will be a vacant ground-floor retail space of 3,596 square feet, perfect for owner-users or investors looking to achieve higher rental income. The property offers 8 dedicated parking spaces convenient street parking for the retail space, and an additional eight dedicated spots around the laneway provide parking for the four residential units above. Please contact for more details. MLS®
| Property Type | Commercial-Other |
|---|---|
| Property Use | Rental or Investment |
| Zoning | C1RM2 |
| Listing ID | XYXF2Q |
| MLS ID | 40632553 |
| Style | Other Style |
| Building Size | 6,084 SF |