660 King Street E Cambridge, Ontario N3H 3N6
$1,499,999
SPRING SALE! 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 is a true turn-key opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 6.15% 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. 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! (id:49454)
Property Details
| MLS® Number | 40727467 |
| Property Type | Other |
| AmenitiesNearBy | Airport, Hospital, Public Transit, Schools |
| CommunicationType | High Speed Internet |
| CommunityFeatures | High Traffic Area |
| Features | Visual Exposure, Paved Driveway |
Building
| BasementType | Full |
| ConstructedDate | 1931 |
| ConstructionMaterial | Concrete Block, Concrete Walls |
| ExteriorFinish | Brick, Concrete |
| FireProtection | Alarm System |
| FoundationType | Poured Concrete |
| StoriesTotal | 2 |
| SizeExterior | 7412.0000 |
| SizeInterior | 7412 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Airport, Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeFrontage | 44 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C1rm2 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/28302070/660-king-street-e-cambridge
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May 13 2025 04:42:15
Kitchener-Waterloo Association of REALTORS®
RE/MAX Solid Gold Realty (Ii) Ltd.