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$1,499,999

Cambridge ON, N3H 3N6

MLS® # 40767242

Property Information:

Rates are coming down and this cap-rate is going up! Currently operating at a 6.78% cap-rate with market potential closer to 8.64% - 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. This well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is a true turn-key opportunity. With 4 residential units and 2 commercial, thisbuilding 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

Inclusions: Other,4 Stove,4 Fridge,2 Washer 2 Dryer, Restaurant Chattels,Equipment And Fixtures

Exclusions : All Tenant Belongings

Building Features:

  • Floor Space: 7412 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Full, Unfinished
  • Built in: 1931
  • Construction Materials: Brick
  • Cooling: Central Air, Wall Unit(s)
  • Driveway Parking: Lane/Alley Parking, Outside/Surface/Open
  • Exterior Features: Controlled Entry, Lighting
  • Floor Space (approx): 7412 Square Feet
  • Heating: Baseboard, Electric, Forced Air, Natural Gas
  • Interior Features: Separate Heating Controls, Separate Hydro Meters
  • Laundry Features: In-Suite, Other
  • Lot Features: Irregular Lot, Airport, Ample Parking, Business Centre, City Lot, Near Golf Course, High Traffic Area, Highway Access, Park, Place of Worship, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools
  • Lot Frontage: 43.67 Feet
  • Road Frontage Type: Municipal Road
  • Road Surface Type: Paved
  • Roof: Flat
  • Water Source: Municipal
  • Water Treatment:
  • Zoning: C1RM2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX SOLID GOLD REALTY (II) LTD.

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Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 660 King Street E, Cambridge, ON, N3H 3N6

Demographic Information of 660 King Street E, Cambridge, ON, N3H 3N6

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$98,285.12

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.7 %

High school certificate or equivalent

33.48 %

Apprenticeship trade certificate/diploma

7.07 %

College/non-university certificate

27.37 %

University Degree

15.39 %

Commuter

Travel To Work

By Car

87.55 %

By Public Transit

4.56 %

By Walking

3.42 %

By Bicycle

0.0 %

By Other Methods

4.47 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.37 %

Houses

58.63 %

Own Vs. Rent