699 King St E, Cambridge, ON N3H 3N7, Canada
699 King St E, Cambridge, ON N3H 3N7, CanadaBasics
- Date added: Added 1 month ago
- Category: Residential Income
- Type: Multi-6-9 Unit
- Status: Active
- Bedrooms: 6
- Bathrooms: 7
- Area: 7412 sq ft
- County Or Parish: Waterloo
- MLS ID: 40727494
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
- Parking Total: 3
- Directions: Fountain Street to King Street East
Building Details
- Number Of Units Total: 6
- Building Area Total: 7412 sq ft
- Number Of Buildings: 0
- Construction Materials: Brick, Block, Concrete
- 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
