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

$1,499,999

MLS® # 40767249

Commercial For Sale In Central Park, Cambridge, Ontario

$1,499,999

Property Information:

Rates are coming down and this cap-rate is going up! Currently operating at a 6.78% cap-rate with market potential closer to 8.64% - it's hard to find buildings cash flowing like this one! This fantastic investment opportunity is in the heart of Preston with new investment happening all around and a plan for future LRT nearby. This well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is a true turn-key opportunity. 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. The Main floor commercial offers great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today

Inclusions: 4 Stove,4 Fridge,2 Washer 2 Dryer, Restaurant Chattels,Equipment And Fixtures

Exclusions : All Tenant Belongings

Building Features:

  • Floor Space: 7412 Square Feet

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full
  • Built in: 1931
  • 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.

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