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

MLS® Number: 40556617
6
Bedrooms
7
Bathrooms
7412
Square Feet

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 future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great 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! (67263988)

Location Description

Fountain to King Street E

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
7412 sqft
Subdivision Name
52 - Preston North
Title
Freehold
Land Size
under 1/2 acre
Built in
1931
Annual Property Taxes
$11,321.24
Total Parking Spaces
3
Time on REALTOR.ca
231 days

Building

Bathrooms
Total
7
Interior Features
Basement Type
Full (Unfinished)
Building Features
Foundation Type
Poured Concrete
Total Units
6
Heating & Cooling
Cooling
Central air conditioning, Wall unit
Heating Type
Baseboard heaters, (Electric), Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
High Traffic Area, Community Centre, School Bus
Amenities Nearby
Airport, Golf Nearby, Park, Place of Worship, Public Transit, Schools
Parking
Total Parking Spaces
3

Measurements

Square Footage
7412 sqft
Above Grade Finished
7412 sqft
Source: Other

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
519-669-5426
519-669-7619
REALTOR® Website
Email
Book showing
RE/MAX SOLID GOLD REALTY (II) LTD.
3 ARTHUR ST. S.
ELMIRA, Ontario N3B2M4
519-669-5426
519-669-7619
Office Website

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