660 King Street E Cambridge, Ontario N3H 3N6
$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 opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 5.86% Cap Rate with a market-rate potential closer to 8%. 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. 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:50886)
Property Details
MLS® Number | 40694619 |
Property Type | Other |
Amenities Near By | Airport, Hospital, Public Transit, Schools |
Communication Type | High Speed Internet |
Community Features | High Traffic Area |
Features | Visual Exposure, Paved Driveway |
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 | 7,412 Ft2 |
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/27861539/660-king-street-e-cambridge
Contact Us
Contact us for more information
Luke Shantz
Broker
www.shantzsellskw.ca/
www.facebook.com/Luke.Shantz.Realtor
180 Weber Street South Unit A
Waterloo, Ontario N2J 2B2
(519) 888-7110
www.remaxsolidgold.biz/