$1,575,000 $8,455 est/mo Sourced by Back At You
660 King Street E , Cambridge, ON N3H 3N6
Cambridge, ON N3H 3N6
Description
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!
Details
| MLS# | 40556617 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 189 |
| Listing Provided By | RE/MAX SOLID GOLD REALTY (II) LTD. | Luke Shantz |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 7 |
| SQ Feet | 7,412 |
| Basement | Y |
| Story(s) | 2 |
| Units | 6 |
| Zoning | C1RM2 |
| Golf Course | Yes |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Cambridge |
| Postal Code | N3H 3N6 |
| Area | 15 Preston |
| Subarea | 52 Preston North |
| Community Name | 52 Preston North |
| Listing VS Median (in 52 Preston North) | |
Price: $1,575,000 low | high Med: $649,500 SqFt: 7,412 low | high Med: 1,354 $ / SqFt: $212 low | high Med: $513 On Site: 189 low | high Med: 18.000000 | |
Listing Updated: August 29, 2024 at 9:07:56 AM PDT