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

$1,575,000

MLS® # 40694619

Commercial For Sale In Central Park, Cambridge, Ontario

$1,575,000

Property Information:

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 opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 5.86% Cap Rate with a market-rate potential closer to 8%. With 4 residential units and 2 commercial, this building offers a good mix of income streams with fantastic 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

Inclusions: 4 Stoves, 4 Fridges, 2 Washer, 2 Dryers, Restaurant Chattels, Equipment And Fixtures

Exclusions : All Tenants Belongings

Building Features:

  • Floor Space: 7412 Square Feet

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full
  • Construction Materials: Brick, Block, Concrete
  • Floor Space (approx): 7412 Square Feet
  • Interior Features: High Speed Internet
  • Lot Features: Irregular Lot, Airport, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Schools, Visual Exposure
  • Lot Frontage: 43.67 Feet
  • Parking Features: Asphalt, Public
  • Road Frontage Type: Municipal Road
  • Road Surface Type: Paved
  • Security Features: Alarm System, Carbon Monoxide Detector(s)
  • Utilities: Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
  • Water Source: Municipal
  • Zoning: C1RM2
  • Sewer: Sewer (Municipal)

Courtesy of: RE/MAX SOLID GOLD REALTY (II) LTD.

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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