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:4069)
Address
660 E KING Street E
List Price
$1,575,000
Property Type
Office
Area
Ontario
Sub-Area
Cambridge
Floor Area
7,412 Sq. Ft.
MLS® Number
40556695
Listing Brokerage
RE/MAX SOLID GOLD REALTY (II) LTD.
Basement Area
Full
Postal Code
N3H3N6
Zoning
C1RM2
Site Influences
Airport, Hospital, Public Transit, Schools
Features
Visual exposure, Paved driveway
