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

MLS® # 40827597

Commercial For Sale In Central Park, Cambridge, Ontario

$1,499,999

None Beds

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660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

660 King Street E, Cambridge, ON

Advertising

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

$1,499,999

Property Information:

Rates are coming down and this cap-rate is going up! Currently operating at approx. 6.88% cap-rate with market potential closer to 8.73% - 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. This well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is 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: Mixed
Building Type: Residential Commercial Mix
Basement Type: Full
Construction Material: Concrete block, Concrete Walls
Exterior Finish: Concrete
Fire Protection: Alarm system
Floor Space: 7412 sqft
Foundation Type: Poured Concrete

Property Features:

OwnershipType: Freehold
Property Type: Other
Access Type: Road access, Highway access
Amenities Nearby: Airport, Hospital, Public Transit, Schools
Built in: 1931
Communication Type: High Speed Internet
Community Features: High Traffic Area
Features: Visual exposure, Crushed stone driveway
Floor Space (approx): 7412 Square Feet
Lot Frontage: 44 Feet
Utility Type: Natural Gas - Available, Telephone - Available, Hydro - Available
Zoning: C1RM2
Sewer: Municipal sewage system

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

Rating:

Notes:

Market Price Trends

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

Lifestyle
Neighbourhood

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 %

Own Vs. Rent

660 KING Street E, Cambridge, Ontario, N3H 3N6 $1,499,999 MLS® # 40827597