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 today
RE/MAX SOLID GOLD REALTY (II) LTD.
$1,499,999
660 King Street E, Cambridge, Ontario
0 Bedrooms
7412 Sqft
Property
MLS® Number: 40767249
Address: 660 King Street E
City: Cambridge
Exterior: Brick, Block, Concrete
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Property Sale History
Travel and Neighbourhood
91/100Walk Score®
Walker's Paradise
Location
