660 King Street E, 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