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660 E King Street E Cambridge, Ontario N3H 3N6

7412 sqft

$1,575,000

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:49454)

Property Details

MLS® Number 40556695
Property Type Office
AmenitiesNearBy Airport, Hospital, Public Transit, Schools
CommunicationType High Speed Internet
CommunityFeatures High Traffic Area
Features Visual Exposure, Paved Driveway

Building

BasementType Full
ConstructionMaterial Concrete Block, Concrete Walls
ExteriorFinish Brick, Concrete
FireProtection Alarm System
FoundationType Poured Concrete
StoriesTotal 2
SizeExterior 7412.0000
SizeInterior 7412 Sqft
UtilityWater Municipal Water

Land

AccessType Road Access, Highway Access
Acreage No
LandAmenities Airport, Hospital, Public Transit, Schools
Sewer Municipal Sewage System
SizeFrontage 44 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription C1rm2

Utilities

Electricity Available
Natural Gas Available
Telephone Available

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