660 E KING STREET EAST Street E (40556617)

Listing ID: 40556617

$1,600,000

RE/MAX SOLID GOLD REALTY (II) LTD.

**660 E KING STREET EAST Street E, Cambridge, Ontario, N3H3N6**
Bathrooms7	Bedrooms6
Property TypeMulti-family	Built in1931
Building Area7412

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! (id:33575)

**Details**
Amenities NearbyAirport, Golf Nearby, Park, Place of Worship, Public Transit, Schools	Community FeaturesHigh Traffic Area, Community Centre, School Bus
OwnershipFreehold	Parking Spaces3
TransactionFor sale	Zoning DescriptionC1RM2

**Building**
Basement DevelopmentUnfinished	BasementFull (Unfinished)
Constructed Date1931	CoolingCentral air conditioning, Wall unit
Exterior FinishBrick	FoundationPoured Concrete
Bathrooms (Total)7	Heating FuelElectric, Natural gas
HeatingBaseboard heaters, Forced air	Size Interior7412 sqft
Storeys Total2	Utility WaterMunicipal water

**Land**
Size Frontage44 ft	Access TypeRoad access, Highway access
AmenitiesAirport, Golf Nearby, Park, Place of Worship, Public Transit, Schools	SewerMunicipal sewage system