660 E KING Street E Active

Cambridge,ON N3H3N6

$ 1575000

6 Beds

7 Baths

7412 SqFt


Key Details

Property Type Multi-Family

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 40556617

Bedrooms 6

Year Built 1931

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 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:24570)

Location

Province ON

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

Building

Story 2

Sewer Municipal sewage system

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