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660 KING E Street, Cambridge, ON N3H3N6
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$1,499,999
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Home Details for 660 KING E Street
Price
$1,499,999
Type
Single Family
Year Build
1931
Listing #
27861539
On exitrealty.com
341 days
Property 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 (id:31684)
Listing Courtesy: RE/MAX SOLID GOLD REALTY (II) LTD.
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EXIT INTEGRITY REALTY, BROKERAGE
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$1,499,999
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EXIT INTEGRITY REALTY, BROKERAGE
240 Holiday Inn Drive #F, Cambridge, ON N3C 3X4