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About the Listing WR50869 - KWKW8772
Rates are coming down and this cap-rate is going up! 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. 6.08% 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. One of the 1-bedroom units will be vacating end of September, allowing market rate for new rent bringing the potential cap rate to 6.66%! 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
Listing Highlights for 660 King St E
Interior Details
- Bedrooms: 7
- Bathrooms: 7 Full
- Appliances: Dryer, Refrigerator, Stove, Washer
- Air Cond: Central Air,Wall Unit(s)
- Heating: Baseboard,Electric,Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 7412
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other: Separate Heating Controls,Separate Hydro Meters
- Water: Municipal
Exterior Details
- Lot Description: 47.82 X 1.25 X 47.38 X 43.67 X 145.29 X 16.03 X 50,Irregular Lot,Airport,Ample Parking,Business Centre,City Lot,Near Golf Course,High Traffic Area,Highway Access,Park,Place of Worship,Public Parking,Public Transit,Rec./Community Centre,School Bus Route,Schools
- Garage Capacity: N/A
- Parking Spaces: 3
- Lot Dimensions: 43.67 x
- Zoning: C1RM2
- Roof: Flat
- Others: Controlled Entry,Lighting
- Sewer: Sewer (Municipal)
- Parking Features: Lane/Alley Parking,Outside/Surface/Open
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 037820246
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Listing Location
Questions About..
660 King St E Cambridge, ON N3H 3N6
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