660 KING Street E, Cambridge, ON N3H3N6
660 KING Street E, Cambridge, ON N3H3N6
660 KING Street E, Cambridge, ON N3H3N6
660 KING Street E, Cambridge, ON N3H3N6
660 KING Street E, Cambridge, ON N3H3N6
660 KING Street E, Cambridge, ON N3H3N6
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Tony & Ledi Real Estate Team

Tony & Ledi Real Estate Team

+1(647) 493-3579
$ 1,499,999
Est. payment | /mo

6 Beds

4 Baths

7,412 SqFt

Save
$ 1,499,999
Est. payment | /mo
Save

6 Beds

4 Baths

7,412 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 7412

Square Footage 7,412 sqft

Price per Sqft $202

Subdivision 52 - Preston North

MLS® Listing ID 40827594

Bedrooms 6

Year Built 1931

Property Sub-Type Freehold

Property Description

Rates are coming down and this cap-rate is going up! Currently operating at a 6.88% cap-rate with market potential closer to 8.73% - 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

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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Tony & Ledi Real Estate Team

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660 KING Street E