660 King Street E Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N3H 3N6
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 7,412 sqft
Price per Sqft $212
MLS Listing ID 40556617
Bedrooms 6
Abv Grd Liv Area 7,412
Originating Board Waterloo Region
Year Built 1931
Annual Tax Amount $11,321
Property 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!
Location
Province ON
County Waterloo
Area 15 - Preston
Zoning C1RM2
Direction Fountain to King Street E
Rooms
Basement Full,Unfinished
Kitchen 0
Interior
Interior Features Separate Heating Controls,Separate Hydro Meters
Heating Baseboard,Electric,Forced Air,Natural Gas
Cooling Central Air,Wall Unit(s)
Fireplace No
Appliance Dryer,Refrigerator,Stove,Washer
Laundry In-Suite,Other
Exterior
Waterfront No
Roof Type Flat
Street Surface Paved
Lot Frontage 43.67
Garage No
Building
Lot Description Irregular Lot,Airport,Ample Parking,Business Centre,City Lot,Near Golf Course,High Traffic Area,Highway Access,Park,Place of Worship,Public Parking,Public Transit,Rec./Community Centre,School Bus Route,Schools
Faces Fountain to King Street E
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 037820246
Ownership Freehold/None