$1,600,000
( $215.87Per Sq Foot )
 $8,589 est/mo Sourced by Back At You

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

Cambridge, ON N3H 3N6

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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#40556695
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site112
Listing Provided ByRE/MAX SOLID GOLD REALTY (II) LTD. | Luke Shantz

Features

SQ Feet7,412
BasementY
Story(s)2
ZoningC1RM2
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 3 minutes ago
ProvinceON
CountyWaterloo
CityCambridge
Postal CodeN3H 3N6
Area15 Preston
Subarea52 Preston North
Community Name52 Preston North
Listing VS Median (in 52 Preston North)
Price:
$1,600,000
low | high
Med:
$564,950
100% of Average
SqFt:
7,412
low | high
Med:
1,759
100% of Average
$ / SqFt:
$216
low | high
Med:
$321
2% of Average
On Site:
112
low | high
Med:
49.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 1:45:46 PM PDT