Address: 660 KING Street E, Cambridge FOR SALE Subdivision: 52 - Preston North Postal Code: N3H3N6 Style: Bedrooms: 6 Bathrooms: 4 Parking: Open Garage: Open Lot Size: 44 ft x Stories: 2
About 660 King Street E
Rates are coming down and this cap-rate is going up! Currently operating at a 6.88% cap-rate with market potential closer to 8.73% - 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 (id:56071). Get more information on 660 King Street E
Property Features
Rental Equipment: Directions: Fountain to King St E Zoning Description: C1RM2 Interior Size: 7412 sqft Community Features: High Traffic Area, Community Centre, School Bus Access: Road access, Highway access Lot: under 1/2 acre Exterior Finish: Brick Veneer Water: Municipal water, Municipal sewage system Heating / Cooling: Electric, Natural gas / Central air conditioning, Wall unit Age: 1931 Foundation: Poured Concrete Constructed Date: 1931 Basement: Full (Unfinished) Unfinished
Rooms & Sizes
Found a property your're looking for? Schedule a showing with our team. We're here to answer your questions and help you get a closer look.
John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
Terms Of Use
This website is operated by RE/MAX Centre City John DiRenzo Team Brokerage, a brokerage who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, RE/MAX Centre City John DiRenzo Team Brokerage, and CREA.
The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.
Trademarks:
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA. The data provided is for informational purposes only and should not be relied upon without verification.
NEW LISTING
FOR SALE
FOR SALE
NEW LISTING
FOR SALE