$1,575,000
( $212.49Per Sq Foot )
$8,455 est/mo Sourced by Back At You660 King Street E , Cambridge, ON N3H 3N6
Cambridge, ON N3H 3N6
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
Details
| MLS# | 40694619 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 11 |
| Listing Provided By | RE/MAX SOLID GOLD REALTY (II) LTD. | Luke Shantz |
Features
| SQ Feet | 7,412 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | C1RM2 |
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Learn More About This Property
| State | ON |
|---|---|
| County | Waterloo |
| City | Cambridge |
| Zip Code | N3H 3N6 |
| Area | 15 Preston |
| Subarea | 52 Preston North |
| Community Name | 52 Preston North |
| Listing VS Median (in 52 Preston North) | |
Price: $1,575,000 low | high Med: $480,950 SqFt: 7,412 low | high Med: 1,144 $ / SqFt: $212 low | high Med: $420 On Site: 11 low | high Med: 244.500000 | |
Listing Updated: January 31, 2025 at 8:34:15 AM PST