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660 E King Street East Street E Cambridge, Ontario N3H 3N6

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

$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:40508)

Property Details

MLS® Number 40556617
Property Type Multi-family
Amenities Near By Airport, Golf Nearby, Park, Place Of Worship, Public Transit, Schools
Community Features High Traffic Area, Community Centre, School Bus
Parking Space Total 3

Building

Bathroom Total 7
Bedrooms Total 6
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1931
Cooling Type Central Air Conditioning, Wall Unit
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Size Interior 7412
Utility Water Municipal Water

Land

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

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

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Nina Deeb