660 King Street E , Cambridge, ON N3H 3N6
Cambridge, ON N3H 3N6
Description
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
Details
| MLS# | 40694619 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 78 |
| Listing Provided By | RE/MAX SOLID GOLD REALTY (II) LTD. | Luke Shantz |
Features
| SQ Feet | 7,412 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | C1RM2 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Postal Code | N3H 3N6 |
| Area | 15 Preston |
| Subarea | 52 Preston North |
| Community Name | 52 Preston North |
| Listing VS Median (In 52 Preston North) | |
Price: $1,499,999 low | high Med: $479,900 SqFt: 7,412 low | high Med: 869 $ / SqFt: $202 low | high Med: $552 On site: 78 low | high Med: 5.000000 | |