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$ 1,499,999
Est. payment /mo
Active
660 KING Street E Cambridge, ON N3H3N6
6 Beds
7 Baths
7,412 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 7,412 sqft
Price per Sqft $202
Subdivision 52 - Preston North
MLS® Listing ID 40767242
Bedrooms 6
Year Built 1931
Property Sub-Type Freehold
Source Cornerstone Association of REALTORS®
Property Description
Rates are coming down and this cap-rate is going up! Currently operating at a 6.78% cap-rate with market potential closer to 8.64% - it's hard to find buildings cash flowing like this one! This fantastic investment opportunity is 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 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. The Main floor commercial offers great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, , Forced air,
Cooling Central air conditioning, Wall unit
Exterior
Parking Features No
Community Features High Traffic Area, Community Centre, School Bus
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX SOLID GOLD REALTY (II) LTD.
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