660 KING Street E

Key facts

• Property type: Other
• Structure: Residential Commercial Mix
• Transaction: For Sale
• Price: class="container" id="details-container",499,999
• Interior size: 7,412 sqft
• Year built: 1931
• Listing key: 29713836

Listing overview

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:25314)