Matthew Tenk
Broker of Record
660 E 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 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:39551)
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 |
| Fireplace Present | No |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 7412 Sqft |
| 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-e-cambridge
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RE/MAX Solid Gold Realty (Ii) Ltd.
August 29 2024 01:16:42
