37
660 King Street E
$1,499,999 Sale
Listed 6 days ago
· 7
· 7
· 3
· 7412
Key Facts
Key facts for 660 King Street E
Property Type
Other
Parking
Lane/Alley Parking,Outside/Surface/Open 3 parking
MLS #
40767242
Size
7412 sqft
Basement
Full,Unfinished
Listed on
2025-09-08
Lot size
-
Tax
$12,488.69 /yr
Days on Market
6
Year Built
1931
Maintenance Fee
-
Description
Rates are coming down and this cap-rate is going up! Fantastic investment opportunity 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 i...s a true turn-key opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 6.08% Cap Rate with a market-rate potential closer to 8.59%. 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. One of the 1-bedroom units will be vacating end of September, allowing market rate for new rent bringing the potential cap rate to 6.66%! Main floor commercial with great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today, Directions:FOUNTAIN TO KING STREET E, Exclusions:All Tenant Belongings
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Listing courtesy of: RE/MAX SOLID GOLD REALTY (II) LTD.