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

$1,499,999

MLS® # 40767242

Investment For Sale In Central Park, Cambridge, Ontario

$1,499,999

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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