SPRING SALE! Fantastic investment opportunity in the heart of Preston. With new investment happening all around and a plan for future LRT nearby, this well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is a true turn-key opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 6.15% Cap Rate with a market-rate potential closer to 8.59%. 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. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today
RE/MAX SOLID GOLD REALTY (II) LTD.
$1,499,999
660 King Street E, Cambridge, Ontario
7 Bedrooms
7 Bathrooms
Property
MLS® Number: 40694602
Address: 660 King Street E
City: Cambridge
Exterior: Brick
Utilities
Central Air: Yes
Heating: Baseboard, Electric, Forced Air, Natural Gas
Parking
Parking Spaces: 3
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Property Sale History
Travel and Neighbourhood
91/100Walk Score®
Walker's Paradise
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Location
