PRICE DROP!! Now offering over 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:61499)
| MLS® Number | 40827597 |
| Property Type | Other |
| AmenitiesNearBy | Airport, Hospital, Public Transit, Schools |
| CommunicationType | High Speed Internet |
| CommunityFeatures | High Traffic Area |
| Features | Visual Exposure, Crushed Stone Driveway |
| BasementType | Full |
| ConstructedDate | 1931 |
| ConstructionMaterial | Concrete Block, Concrete Walls |
| ExteriorFinish | Brick Veneer, Concrete |
| FireProtection | Alarm System |
| FoundationType | Poured Concrete |
| StoriesTotal | 2 |
| SizeExterior | 7412.0000 |
| SizeInterior | 7412 Sqft |
| Type | Residential Commercial Mix |
| UtilityWater | Municipal Water |
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Airport, Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeFrontage | 44 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C1rm2 |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/29713836/660-king-street-e-cambridge
Contact us for more information
Luke Shantz
Broker
Compare listings
Compare