699 Waterloo Regional Rd 8, Cambridge, ON N3H 3N6, Canada
699 Waterloo Regional Rd 8, Cambridge, ON N3H 3N6, Canada
$1,575,000
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Basics
- Date added: Added 1 month ago
- Category: Residential Income
- Type: Multi-6-9 Unit
- Status: Active
- Bedrooms: 7
- Bathrooms: 7
- Area: 7412 sq ft
- County Or Parish: Waterloo
- MLS ID: 40694602
Description
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Description:
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 opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 5.86% Cap Rate with a market-rate potential closer to 8%. 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. 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
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Location
- Parking Total: 3
- Directions: FOUNTAIN TO KING STREET E
Building Details
- Number Of Units Total: 6
- Building Area Total: 7412 sq ft
- Number Of Buildings: 0
- Construction Materials: Brick
- Roof: Flat
Amenities & Features
- Water Source: Municipal
- Appliances: Dryer, Refrigerator, Stove, Washer
- Sewer: Sewer (Municipal)
- Exterior Features: Controlled Entry, Lighting
- Cooling: Central Air, Wall Unit(s)
- Interior Features: Separate Heating Controls, Separate Hydro Meters
- Heating: Baseboard, Electric, Forced Air, Natural Gas
- Frontage Type: South
