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660 KING Street E
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660 KING Street E $1,575,000
$1,575,000
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660 KING Street E
Cambridge, Ontario N3H3N6

MLS® Number: 40694619

Listing Description

Fantastic investment opportunity in the heart of Preston. A well maintained mixed-use building with quality, long term residential and commercial tenants make this a true turn-key opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 5.86% Cap Rate with a market-rate potential closer to 8%. 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. parking for 3 vehicles out back. Schedule a viewing today (68556158)

Location Description

KING STREET

Property Summary

Property Type
Other
Storeys
2
Subdivision Name
52 - Preston North
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$11,618.20
Time on REALTOR.ca
57 days

Building

Interior Features
Basement Type
Full
Building Features
Features
Visual exposure, Paved driveway
Foundation Type
Poured Concrete
Construction Material
Concrete block, Concrete Walls
Fire Protection
Alarm system
Utilities
Utility Type
Electricity (Available), Natural Gas (Available), Telephone (Available)
Utility Communications
High Speed Internet
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Concrete
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Airport, Hospital, Public Transit, Schools

Measurements

Square Footage
7412 sqft
Exterior Building Size
7412 sqft

Land

Lot Features
Frontage
44 ft
Other Property Information
Access
Road access, Highway access
Zoning Description
C1RM2
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
519-888-7110
REALTOR® Website
Email
Book showing
RE/MAX SOLID GOLD REALTY (II) LTD.
180 Weber Street South Unit A
Waterloo, Ontario N2J2B2
519-888-7110
Office Website
LUKE SHANTZ