About 660 E King Street E
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 future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great 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:36535)
Features of 660 E King Street E
Listing # | 40556617 |
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Price | $1,575,000 |
Bedrooms | 6 |
Bathrooms | 7.00 |
Square Footage | 7,412 |
Acres | 0.00 |
Year Built | 1931 |
Type | Multi-family |
Sub-Type | Freehold |
Community Information
Address | 660 E King Street E |
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Subdivision | 52 - Preston North |
City | Cambridge |
Province | Ontario |
Postal Code | N3H3N6 |
Amenities
Amenities | Airport, Golf Nearby, Park, Place of Worship, Public Transit, Schools |
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Parking Spaces | 3 |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Electric, Natural gas Baseboard heaters, Forced air |
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Cooling | Central air conditioning, Wall unit |
Fireplace | No |
# of Stories | 2 |
Has Basement | No |
Exterior
Exterior | Brick |
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Foundation | Poured Concrete |