CAONCambridgePreston Centre660 King St E
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660 King St E, Cambridge, ON

Real Estate

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673

MLS® 40767242

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 7412 sqft
Garage No
Taxes $12,489
Lot Size 
Approx. Age 1931
Avg. Price Per Sqft $202
MLS® Number 40767242

Property Address: 660 King St E, Cambridge, ON, N3H3N6

Average square foot calculated using Size range provided by listing agent.

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 todayShow Description
MLS® Number40767242
Laundry LevelIn-Suite, Other
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1931
BasementFull, Unfinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Other, 4 Stove, 4 Fridge, 2 Washer 2 Dryer, Restaurant Chattels, Equipment And Fixtures

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Starting Address
Destination Address
660 King St E, Cambridge, ON

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