660 E KING Street E Cambridge

660 E KING Street E, Cambridge, Ontario

$1,575,000

  • 6 Beds
  • 7 Baths
  • 7,412 Square Feet

Fantastic investment opportunity in the heart of Preston. A well-maintained mixed-use building with quality, long term residential and commercial tenants make this a true turn-key future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great upside potential. 2 - two bedroom units and 2 - one bedroom units on the upper levels. Main floor commercial with great street exposure and long-term leases. Potential for additional storage income. Parking for 3 vehicles out back. Schedule a viewing today! (id:56241)

  • Listing ID: 40556617
  • Property Type: Multi-family
  • Year Built: 1931

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Details

  • Amenities Nearby: Airport, Golf Nearby, Park, Place of Worship, Public Transit, Schools
  • Community Features: High Traffic Area, Community Centre, School Bus
  • Ownership: Freehold
  • Parking Spaces: 3
  • Transaction: For sale
  • Zoning Description: C1RM2

Building

  • BasementType: Full (Unfinished)
  • Basement Development: Unfinished
  • Constructed Date: 1931
  • Cooling: Central air conditioning, Wall unit
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Poured Concrete
  • Bathrooms (Total): 7
  • Heating: Baseboard heaters, Forced air
  • Heating Fuel: Electric, Natural gas
  • Size Interior: 7412 sqft
  • Stories Total: 2
  • Utility Water: Municipal water

Land

  • Access Type: Road access, Highway access
  • Amenities: Airport, Golf Nearby, Park, Place of Worship, Public Transit, Schools
  • Sewer: Municipal sewage system
  • Size Frontage: 44 ft
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Listing provided by RE/MAX SOLID GOLD REALTY (II) LTD.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 660 E KING Street E in Cambridge Ontario. It was last modified on April 4th, 2024. Contact us to schedule a viewing or to discover other Cambridge real estate for sale.

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