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Chris Adams

chris.adams@easyhometeam.ca +1(519) 804-1978

Listed by Luke Shantz • RE/MAX SOLID GOLD REALTY (II) LTD.

$ 1,449,999

Est. payment | -/mo

7,412 SqFt

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$ 1,449,999

Est. payment | -/mo

Save

7,412 SqFt

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,412 sqft

Price per Sqft $195

MLS Listing ID 40827597

Abv Grd Liv Area 7,412

Year Built 1931

Annual Tax Amount $13,562

Property Sub-Type Building and Land

Source Cornerstone

Property Description

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

Location

Province ON

County Waterloo

Area 15 - Preston

Zoning C1RM2

Direction King St

Rooms

Basement Full

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Parking Features Concrete, Gravel

Utilities Available Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected

Street Surface Paved

Lot Frontage 43.67

Garage No

Building

Lot Description Irregular Lot, Airport, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Schools, Visual Exposure

Faces King St

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick Veneer,Block

New Construction No

Others

Senior Community No

Tax ID 037820246

Ownership Freehold/None

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Chris Adams

Broker

chris.adams@easyhometeam.ca

+1(519) 804-1978

1440 King Street North St. Jacobs, ON, N0B, 2N0, CAN

660 King Street E Cambridge, ON N3H 3N6

Chris Adams

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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660 King Street E