660 King Street E in Cambridge: 52 - Preston North Mixed for sale (15

Rates are coming down and this cap-rate is going up! Currently operating at approx. 6.88% cap-rate with market potential closer to 8.73% - 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

General Info:

Property Type:: Commercial Sale

Property SubType:: Mixed, Building and Land

Year built:: 1931 (Age: 95)

Listing General Location:: 52 - Preston North, 15 - Preston

Bedrooms:: 0

Bathrooms:: - (Full:-/Half:-)

Lot Details:: 43.67 x

Lot Frontage:: 43'8"13.3 m

Lot Shape:: 47.82 ft x 1.25 ft x 47.38 ft x 43.67 ft x 145.29

Kitchens:: 0

County Or Parish:: Waterloo

Additional Info:

Features:: Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No

Construction:: Brick Veneer, Block

Basement:: Full

Foundation:: Poured Concrete

Number of Storeys:: 2

Total Floor Area:: 7,412 sq. ft.689 m2

Fireplace:: false

Water Supply:: Municipal

Sewer:: Sewer (Municipal)

Land Info:

Utilities:: Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected

Lot Site Features:: Irregular Lot, Airport, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Schools, Visual Exposure