CAD$1,499,999

CAD$1,499,999 Asking price
660 King Street

Cambridge, Ontario, N3H3N6

Delisted · Expired ·

673(0+3)

Listing information last updated on Thu May 01 2025 01:19:52 GMT-0400 (Eastern Daylight Time)

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Summary

IDX11948596
StatusExpired
PossessionFLEXIBLE
Brokered ByRE/MAX Solid Gold Realty (II) Ltd
TypeResidential Other,Multiplex
Age 51-99
Lot Size43.67 * 145.29 Feet 47.82 X 1.28 X 47.38 X 16.03 X 50.09 X 2
Land Size6344.81 ft²
RoomsBed:6,Kitchen:5,Bath:7

Detail

Building
Architectural Style2-Storey
Property FeaturesHospital,Level,Park,Place Of Worship,Public Transit,Rec./Commun.Centre
Rooms Above Grade27
RoofFlat
Exterior FeaturesDeck
Heat SourceGas
Heat TypeForced Air
WaterMunicipal
Sewer YNAYes
Water YNAYes
Telephone YNAYes
Land
Lot Size Range Acres< .50
Parking
Parking FeaturesLane
Utilities
Electric YNAYes
Other
Den FamilyroomYes
Interior FeaturesSauna,Storage
Internet Entire Listing DisplayYes
Security FeaturesSecurity System
SewerSewer
BasementFull,Unfinished
PoolNone
A/COther
TVYes
ExposureS

Remarks

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

The listing data is provided under copyright by the Toronto Real Estate Board.

The listing data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board nor RealMaster.

The following "Remarks" is automatically translated by Google Translate. Sellers,Listing agents, RealMaster, Canadian Real Estate Association and relevant Real Estate Boards do not provide any translation version and cannot guarantee the accuracy of the translation. In case of a discrepancy, the English original will prevail.
春季大促销！普雷斯顿市中心的绝佳投资机会。随着周边新投资的发生和未来附近的轻轨计划，这座维护良好的7,412平方英尺的混合用途建筑，拥有优质的长期住宅和商业租户，是一个真正的交钥匙机会。随着抵押贷款利率的持续下降，目前的投资运营大约在6.15%的资本化率，市场潜力接近8.59%。这座建筑拥有4个住宅单元和2个商业单元，提供良好的收入来源组合，并具有巨大的上升潜力。上层有2个两卧室单元和2个一卧室单元。主层商业区拥有良好的街道曝光度和长期租约。有潜力增加储物收入。所有设备都是自有，无租赁。包括电器。今天就安排参观。
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Location

Province:
Ontario
City:
Cambridge
Community:
Preston south
Crossroad:
WESTMINSTER DRIVE S
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