37
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$1,575,000
Est. payment /mo
7,412 SqFt
Active
660 KING Street E Cambridge, ON N3H3N6
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 7,412 sqft
Price per Sqft $212
Subdivision 52 - Preston North
MLS® Listing ID 40694619
Originating Board Cornerstone - Waterloo Region
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province ON
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX SOLID GOLD REALTY (II) LTD.