658 King St E, Cambridge, ON N3H 3N6, Canada
658 King St E, Cambridge, ON N3H 3N6, CanadaBasics
- Date added: Added 3 weeks ago
- Category: Commercial Sale
- Type: Building and Land, Mixed
- Status: Active
- Bedrooms: 0
- Year built: 1931
- County Or Parish: Waterloo
- MLS ID: 40727467
Description
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Description:
SPRING SALE! Fantastic investment opportunity 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 mortgage rates continually dropping, this investment currently operates at approx. 6.15% Cap Rate with a market-rate potential closer to 8.59%. 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. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today!
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Location
- Directions: Fountain to King St E
Building Details
- Number Of Units Total: 0
- Building Area Total: 7412 sq ft
- Parking Features: Asphalt, Public
- Security Features: Alarm System, Carbon Monoxide Detector(s)
- Construction Materials: Brick, Block, Concrete
Amenities & Features
- Water Source: Municipal
- Sewer: Sewer (Municipal)
- Interior Features: High Speed Internet