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660 E King Street E Cambridge, Ontario N3H 3N6

6 Bedroom 7 Bathroom 7412 sqft
Central Air Conditioning, Wall Unit Baseboard Heaters, Forced Air

$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:56248)

Property Details

MLS® Number 40556617
Property Type Multi-family
AmenitiesNearBy Airport, Golf Nearby, Park, Place Of Worship, Public Transit, Schools
CommunityFeatures High Traffic Area, Community Centre, School Bus
ParkingSpaceTotal 3

Building

BathroomTotal 7
BedroomsTotal 6
BasementDevelopment Unfinished
BasementType Full (unfinished)
ConstructedDate 1931
CoolingType Central Air Conditioning, Wall Unit
ExteriorFinish Brick
FoundationType Poured Concrete
HeatingFuel Electric, Natural Gas
HeatingType Baseboard Heaters, Forced Air
StoriesTotal 2
SizeInterior 7412 Sqft
UtilityWater Municipal Water

Land

AccessType Road Access, Highway Access
Acreage No
LandAmenities Airport, Golf Nearby, Park, Place Of Worship, Public Transit, Schools
Sewer Municipal Sewage System
SizeFrontage 44 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription C1rm2

https://www.realtor.ca/real-estate/26707371/660-e-king-street-e-cambridge

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