660 KING STREET EAST East Street, Cambridge, Ontario N3H3N6

  • $1,600,000
660 KING STREET EAST East Street, Cambridge, Ontario N3H3N6
For Sale
660 KING STREET EAST East Street, Cambridge, Ontario N3H3N6
  • $1,600,000

Overview

Property ID: 2060140
  • Multi-family
  • Property Type
  • 6
  • Bedrooms
  • 7
  • Bathrooms
  • 3
  • Garages
  • 7412.0
  • 1931
  • Year Built

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:56724)

Details

Updated on June 1, 2024 at 7:12 am
  • Property ID: 2060140
  • Price: $1,600,000
  • Property Size: 7412.0
  • Bedrooms: 6
  • Bathrooms: 7
  • Garages: 3
  • Year Built: 1931
  • Property Type: Multi-family
  • Property Status: For Sale
  • MLS#: 40556617
  • MLS Status: Active

Additional details

  • Sewer: Municipal sewage system
  • Cooling: Central air conditioning,Wall unit
  • Heating: Baseboard heaters,Forced air,Electric,Natural gas
  • Stories: 2
  • Basement: Unfinished,Full
  • Directions: Fountain to King Street E
  • Water Source: Municipal water
  • Parking Total: 3
  • Common Interest: Freehold
  • Tax Annual Amount: 11321.24
  • Community Features: High Traffic Area,School Bus,Community Centre
  • Foundation Details: Poured Concrete
  • Zoning Description: C1RM2
  • Number Of Units Total: 6
  • Address 660 E KING STREET EAST Street E
  • City Cambridge
  • Province Ontario
  • Postal Code N3H3N6
  • Area 52 - Preston North
  • Country Canada

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