$ 1,575,000
660 E KING Street E Cambridge, ON N3H3N6
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$ 1,575,000
Est. payment | /mo
7,412 SqFt
$ 1,575,000
Est. payment | /mo
7,412 SqFt
Key Details
Property Type Commercial
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 40556695
Originating Board Cornerstone - Waterloo Region
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
Exterior
Garage No
Community Features High Traffic Area
Waterfront No
View Y/N No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX SOLID GOLD REALTY (II) LTD.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "