660 King Street E, Cambridge, ON, N3H 3N6

$1,575,000

MLS® # 40556695

Commercial For Sale In Central Park, Cambridge, Ontario

$1,575,000

Property Information:

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 future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great 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!

Inclusions: 4 Stoves, 4 Fridges, 2 Washers, 2 Dryers, Restaurant Chattels, Equipment And Fixtures

Exclusions : All Tenant Belonings

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full
  • Construction Materials: Block, Concrete
  • Interior Features: High Speed Internet
  • Lot Features: Irregular Lot, Airport, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Schools, Visual Exposure
  • Lot Frontage: 43.67 Feet
  • Parking Features: Asphalt, Public
  • Road Frontage Type: Municipal Road
  • Road Surface Type: Paved
  • Security Features: Alarm System, Carbon Monoxide Detector(s)
  • Utilities: Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
  • Water Source: Municipal
  • Zoning: C1RM2
  • Sewer: Sewer (Municipal)

Courtesy of: RE/MAX SOLID GOLD REALTY (II) LTD.

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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