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:56069)
| MLS® Number | 40556617 |
| Property Type | Multi-family |
| AmenitiesNearBy | Airport, Golf Nearby, Park, Place Of Worship, Public Transit, Schools |
| CommunityFeatures | High Traffic Area, Community Centre, School Bus |
| ParkingSpaceTotal | 3 |
| BathroomTotal | 7 |
| BedroomsTotal | 6 |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructedDate | 1931 |
| CoolingType | Central Air Conditioning, Wall Unit |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Baseboard Heaters, Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 7412 Sqft |
| UtilityWater | Municipal Water |
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Airport, Golf Nearby, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeFrontage | 44 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C1rm2 |
https://www.realtor.ca/real-estate/26707371/660-e-king-street-e-cambridge
Contact us for more information
Luke Shantz
Broker
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