Welcome to this remarkable ["2-Storey"] multiplex located in the coveted neighborhood of Cambridge. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,499,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Rates are coming down and this cap-rate is going up! Currently operating at a 6.88% cap-rate with market potential closer to 8.73% - it's hard to find buildings cash flowing like this one! This fantastic investment opportunity is in the heart of Preston with new investment happening all around and a plan for future LRT nearby. This well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is a true turn-key opportunity. With 4 residential units and 2 commercial, this building offers a good mix of income streams with fantastic upside potential. 2- two bedroom units and 2 - one bedroom units on the upper levels. The Main floor commercial offers great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today!
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Hospital, Level, Park, Place Of Worship, Public Transit, Rec./Commun.Centre
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This could be the first listing for this address.
Data-driven valuation for 660 King Street E, Cambridge, ON N3H 3N6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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