660 KING Street E, Cambridge, ON N3H3N6 – 40694619

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Katie Van Nes

Exp Realty

katie@mostreferred.expert +1(604) 855-8228

$ 1,499,999

Est. payment | -/mo

7,412 SqFt

Save

$ 1,499,999

Est. payment | -/mo

Save

7,412 SqFt

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 7,412 sqft

Price per Sqft $202

Subdivision 52 - Preston North

MLS® Listing ID 40694619

Originating Board Cornerstone - Waterloo Region

Year Built 1931

Property Sub-Type Freehold

Property Description

SPRING SALE! 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. 6.15% 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. 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 (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Exterior

Parking Features No

Community Features High Traffic Area

View Y/N No

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

Listed by RE/MAX SOLID GOLD REALTY (II) LTD.

"Unlock the door to your dream home with Katie, where professionalism meets passion in the world of real estate. We don't just sell properties; we curate lifestyles. Let us guide you through the doorway to exceptional living, turning houses into homes and dreams into addresses. Your key to a brighter future starts here – because home is where the heart is, and we're here to help you find yours. Trust [Your Name] for a seamless journey to your next chapter. Welcome home!"

+1(604) 855-8228

katie@mostreferred.expert

202-15388 24th Avenue, Surrey, V4A, 2J2, Canada

660 KING Street E Cambridge, ON N3H3N6