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 |
Multi-family |
| Area |
Ontario |
| Sub-Area |
Cambridge |
| Bedrooms |
6 |
| Bathrooms |
7 |
| Floor Area |
7,412 Sq. Ft. |
| Year Built |
1931 |
| MLS® Number |
40556617 |
| Listing Brokerage |
RE/MAX SOLID GOLD REALTY (II) LTD.
|
| Basement Area |
Full (Unfinished) |
| Postal Code |
N3H3N6 |
| Zoning |
C1RM2 |
| Site Influences |
Airport, Golf Nearby, Park, Place of Worship, Public Transit, Schools |
