Property Information:

PRICE DROP!! Now offering just under 7% CAP RATE - it's hard to find buildings cash flowing like this one! This fantastic investment opportunity is in the heart of Preston with new investment happening all around and a plan for future LRT nearby. A well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants makes this a true turn-key opportunity. 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. The Main floor commercial offers great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today (id:27)

Building Features:

Style: Multiplex
Basement Development: Unfinished
Basement Type: Full
Exterior Finish:
Foundation Type: Poured Concrete
Heating Type: Baseboard heaters, Forced air
Heating Fuel: Electric, Natural gas
Cooling Type: Central air conditioning, Wall unit

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 6
Bathrooms: 4
Access Type: Road access, Highway access
Amenities Nearby: Airport, Golf Nearby, Hospital, Park, Public Transit, Schools
Built in: 1931
Community Features: High Traffic Area, Community Centre, School Bus
Lot Frontage: 44 Feet
Zoning: C1RM2
Sewer: Municipal sewage system
Parking Type: Open
No. of Parking Spaces: 3

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

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Demographic Information of 660 KING Street E, Cambridge, Ontario, N3H 3N6

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$98,285.12

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.7 %

High school certificate or equivalent

33.48 %

Apprenticeship trade certificate/diploma

7.07 %

College/non-university certificate

27.37 %

University Degree

15.39 %

Commuter

Travel To Work

By Car

87.55 %

By Public Transit

4.56 %

By Walking

3.42 %

By Bicycle

0.0 %

By Other Methods

4.47 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.37 %

Houses

58.63 %

660 KING Street E, Cambridge, Ontario, N3H 3N6