ON > Cambridge
Cambridge, ON N3H 3N6,660 King Street E
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Cambridge, ON N3H 3N6,660 King Street E
Cambridge, ON N3H 3N6,660 King Street E
Cambridge, ON N3H 3N6,660 King Street E
Cambridge, ON N3H 3N6,660 King Street E
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Christine Caparello

Christine Caparello

+1(905) 462-2775
Listed by Luke Shantz • RE/MAX SOLID GOLD REALTY (II) LTD.
$ 1,499,999
Est. payment /mo
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660 King Street E Cambridge, ON N3H 3N6

7,412 SqFt

UPDATED:

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

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660 King Street E