660 KING Street E, Cambridge, Ontario
$1,575,000
- 7 Beds
- 7 Baths
- 7,412 Square Feet
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 (id:23309)
- Listing ID: 40694602
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 660 KING Street E in Cambridge Ontario. It was last modified on January 31st, 2025. Contact Justin Handley to schedule a viewing or to discover other Cambridge real estate for sale.