660 King St E

Investment | 0   | 0    | 0 sqft

$1,600,000

,Cambridge,Ontario, N3H 3N6

660 King St E, Cambridge Investment Photos

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Property Info
MLS®: X8212556
Style of House: other
Bedrooms: 0
Bathrooms: 0
Last Updated: 2024-04-08
List Price: $1,600,000
Strata Fee: $0.00
Floor Area: 0 sq. ft
Unit Price: $1,600,000/sq. ft
Lot Size: 6344.81
Basement: Y
Tax Amount $11,321/Year
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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 and2 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!

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