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 opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 5.86% Cap Rate with a market-rate potential closer to 8%. 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. parking for 3 vehicles out back. Schedule a viewing today (id:4069)
Address
660 KING Street E
List Price
$1,575,000
Property Type
Other
Area
Ontario
Sub-Area
Cambridge
Floor Area
7,412 Sq. Ft.
MLS® Number
40694619
Listing Brokerage
RE/MAX SOLID GOLD REALTY (II) LTD.
Basement Area
Full
Postal Code
N3H3N6
Zoning
C1RM2
Site Influences
Airport, Hospital, Public Transit, Schools
Features
Visual exposure, Paved driveway
