$1,575,000 FOR SALE

Office

Lot: 44 x 0 ft

660 E King Street E
Cambridge, ON N3H 3N6

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! (id:47423)

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Listed By RE/MAX SOLID GOLD REALTY (II) LTD.
Data Provided By Cornerstone - Waterloo Region
MLS® Listing Number 40556695
Last Updated Aug 29, 2024
Property Summary
Property Type Office

More like this:
Subdivision 52 - Preston North
Price History
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Detailed Information
Lot 44 x 0 ft
Amenities Nearby Airport, Hospital, Public Transit, Schools
Communication Type High Speed Internet
Community Features High Traffic Area
Features Visual exposure, Paved driveway
Listing Contract Date 2024-04-04
Location Description King St
Ownership Type Freehold
Property Type Office
Transaction Type For sale
Zoning Description C1RM2
Building
Basement Type Full
Construction Material Concrete block, Concrete Walls
Exterior Finish Brick, Concrete
Fire Protection Alarm system
Foundation Type Poured Concrete
Stories Total 2
Size (Exterior) 7412
Utility Water Municipal water
Utilities
Type Description
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size under 1/2 acre
Access Type Road access, Highway access
Amenities Airport, Hospital, Public Transit, Schools
Sewer Municipal sewage system

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