NEW! Buy and sell safely with virtual options - Learn More
About the Listing WR50869 - KWKW8772
Interest 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: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other: High Speed Internet
- Water: Municipal
Exterior Details
- Lot Description: 47.82ftx1.25ftx47.38x43.67ftx145.29ftx16.03ftx50.0,Irregular Lot,Airport,Business Centre,City Lot,High Traffic Area,Highway Access,Hospital,Public Transit,Schools,Visual Exposure
- Garage Capacity: N/A
- Lot Dimensions: 43.67 x
- Zoning: C1RM2
- Roof:
- Others:
- Sewer: Sewer (Municipal)
- Parking Features: Asphalt,Public
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 037820246
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
660 King St E Cambridge, ON N3H 3N6
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
