660 KING Street E 52 - Preston North, Cambridge, Ontario, CA

Address: 660 KING Street E, Cambridge, Ontario

7 Beds7 Baths7412 sqftStatus: Buy
Price $1,499,999

Property Overview


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 (id:51532)

 

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Property Summary
Property Type
Multi-family
Storeys
2
Square Footage
7412 sqft
Subdivision Name
52 - Preston North
Title
Freehold
Land Size
under 1/2 acre
Building
Bathrooms
Total
7
Interior Features
Basement Type
Full (Unfinished)
Building Features
Foundation Type
Poured Concrete
Square Footage
7412 sqft
Heating & Cooling
Cooling
Central air conditioning, Wall unit
Heating Type
Baseboard heaters, Forced air
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
High Traffic Area, Community Centre, School Bus
Amenities Nearby
Airport, Golf Nearby, Park, Place of Worship, Public Transit, Schools
Parking
Total Parking Spaces
3
Land
Other Property Information
Zoning Description
C1RM2
Features
           Central air conditioning            Wall unit
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Your Home Finance Calculation

Property Price CA $1,499,999
Bank Loan Amount CA $0
Monthly Installment CA $0

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