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660 E King Street East Street E Cambridge, Ontario - MLS#: 40556695

7412

$1,600,000

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:51158)


MLS: 40556695 For sale : 660 E KING STREET EAST Street E 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:51158)

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Property Details

MLS® Number 40556695
Property Type Office
Amenities Near By Airport, Hospital, Public Transit, Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Visual Exposure, Paved Driveway

About 660 E King Street East Street E, Cambridge, Ontario


Building

Basement Type Full
Construction Material Concrete Block, Concrete Walls
Exterior Finish Brick, Concrete
Fire Protection Alarm System
Foundation Type Poured Concrete
Stories Total 2
Size Exterior 7412.0000
Size Interior 7412
Utility Water Municipal Water

Land

Access Type Road Access, Highway Access
Acreage No
Land Amenities Airport, Hospital, Public Transit, Schools
Sewer Municipal Sewage System
Size Frontage 44 Ft
Size Total Text Under 1/2 Acre
Zoning Description C1rm2

Utilities

Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26707370/660-e-king-street-east-street-e-cambridge

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April 10 2024 02:39:56

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