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:52468)
MLS® Number | 40556695 |
Property Type | Office |
AmenitiesNearBy | Airport, Hospital, Public Transit, Schools |
CommunicationType | High Speed Internet |
CommunityFeatures | High Traffic Area |
Features | Visual Exposure, Paved Driveway |
BasementType | Full |
ConstructionMaterial | Concrete Block, Concrete Walls |
ExteriorFinish | Brick, Concrete |
FireProtection | Alarm System |
FoundationType | Poured Concrete |
StoriesTotal | 2 |
SizeExterior | 7412.0000 |
SizeInterior | 7412 Sqft |
UtilityWater | Municipal Water |
AccessType | Road Access, Highway Access |
Acreage | No |
LandAmenities | Airport, Hospital, Public Transit, Schools |
Sewer | Municipal Sewage System |
SizeFrontage | 44 Ft |
SizeTotalText | Under 1/2 Acre |
ZoningDescription | C1rm2 |
Electricity | Available |
Natural Gas | Available |
Telephone | Available |
https://www.realtor.ca/real-estate/26707370/660-e-king-street-e-cambridge
Contact us for more information
Luke Shantz
Broker