6 Bedroom
7 Bathroom
Cooling: Central Air Conditioning, Wall Unit
Heating: Baseboard Heaters, Forced Air, Electric, Natural Gas
$1,575,000
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:48040)
Property Details
MLS® Number
|
40556617 |
Property Type
|
Multi-family |
Neigbourhood
|
Preston Centre |
Amenities Near By
|
Airport, Golf Nearby, Park, Place Of Worship, Public Transit, Schools |
Community Features
|
High Traffic Area, Community Centre, School Bus |
Parking Space Total
|
3 |
Building
Bathroom Total
|
7 |
Bedrooms Total
|
6 |
Basement Development
|
Unfinished |
Basement Type
|
Full (unfinished) |
Constructed Date
|
1931 |
Cooling Type
|
Central Air Conditioning, Wall Unit |
Exterior Finish
|
Brick |
Foundation Type
|
Poured Concrete |
Heating Fuel
|
Electric, Natural Gas |
Heating Type
|
Baseboard Heaters, Forced Air |
Stories Total
|
2 |
Size Interior
|
7412 Sqft |
Utility Water
|
Municipal Water |
Land
Access Type
|
Road Access, Highway Access |
Acreage
|
No |
Land Amenities
|
Airport, Golf Nearby, Park, Place Of Worship, Public Transit, Schools |
Sewer
|
Municipal Sewage System |
Size Frontage
|
44 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
C1rm2 |
https://www.realtor.ca/real-estate/26707371/660-e-king-street-e-cambridge