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 (id:50947)
| MLS® Number | 40694619 |
| Property Type | Other |
| Amenities Near By | Airport, Hospital, Public Transit, Schools |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Visual Exposure, Paved Driveway |
| Basement Type | Full |
| Constructed Date | 1931 |
| Construction Material | Concrete Block, Concrete Walls |
| Exterior Finish | Brick, Concrete |
| Fire Protection | Alarm System |
| Foundation Type | Poured Concrete |
| Stories Total | 2 |
| Size Exterior | 7412.0000 |
| Size Interior | 7412 Sqft |
| Utility Water | Municipal Water |
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Airport, Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 44 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1rm2 |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27861539/660-king-street-e-cambridge
Contact us for more information
Luke Shantz
Broker
(519) 888-7110
www.remaxsolidgold.biz/
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The Reitzels
Keller Williams Innovation
640 Riverbend Drive
Kitchener, ON N2K 3S2
Phone: 519-570-6299 or
519-570-4447
Email: info@TheReitzels.com
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