660 King Street E new Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N3H 3N6
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 7,412 sqft
Price per Sqft $202
MLS Listing ID 40727467
Abv Grd Liv Area 7,412
Originating Board Waterloo Region
Year Built 1931
Annual Tax Amount $11,618
Property Sub-Type Mixed,Building and Land
Property Description
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!
Location
Province ON
County Waterloo
Area 15 - Preston
Zoning C1RM2
Direction Fountain to King St E
Rooms
Basement Full
Kitchen 0
Interior
Interior Features High Speed Internet
Fireplace No
Exterior
Parking Features Asphalt,Public
Utilities Available Electricity Connected,Natural Gas Connected,Recycling Pickup,Street Lights,Phone Connected
Street Surface Paved
Lot Frontage 43.67
Garage No
Building
Lot Description Irregular Lot,Airport,Business Centre,City Lot,High Traffic Area,Highway Access,Hospital,Public Transit,Schools,Visual Exposure
Faces Fountain to King St E
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Block,Concrete
New Construction No
Others
Senior Community No
Tax ID 037820246
Ownership Freehold/None