PRICE DROP!! Now offering just under 7% CAP RATE - 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. A well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants makes this 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:4069)
Address
660 KING Street E
List Price
$1,449,999
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
Sale
Area
Ontario
Sub-Area
Cambridge
Floor Area
7,412 Sq. Ft.
Frontage Length
44 ft
Year Built
1931
MLS® Number
40827597
Listing Brokerage
RE/MAX SOLID GOLD REALTY (II) LTD.
Basement Area
Full
Postal Code
N3H3N6
Zoning
C1RM2
Ownership
Freehold
Site Influences
Airport, Hospital, Public Transit, Schools
Features
Visual exposure, Crushed stone driveway
Community Features
High Traffic Area
Foundation Details
Poured Concrete
Number Of Floors In Building
2
Water Source
Municipal water
Access To Property
Road access, Highway access
Sewer
Municipal sewage system
