699 King St E, Cambridge, ON N3H 3N7, Canada
699 King St E, Cambridge, ON N3H 3N7, Canada
$1,575,000
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Basics
- Date added: Added 5 days ago
- Category: Commercial Sale
- Type: Building and Land, Mixed
- Status: Active
- Bedrooms: 0
- County Or Parish: Waterloo
- MLS ID: 40694619
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
- Directions: KING STREET
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
