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:49967)
| MLS® Number | 40556695 |
| Property Type | Office |
| Amenities Near By | Airport, Hospital, Public Transit, Schools |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Visual Exposure, Paved Driveway |
| 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 | 7412.0000 |
| Size Interior | 7412 Sqft |
| Utility Water | Municipal Water |
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Airport, Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 44 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1rm2 |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26707370/660-e-king-street-e-cambridge
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Enter your email address below to receive our Monthly Market Updates plus much more from Team Lambkin
