1 of 37 - 660 King Street E, Cambridge, Ontario
2 of 37 - 660 King Street E, Cambridge, Ontario
3 of 37 - 660 King Street E, Cambridge, Ontario
4 of 37 - 660 King Street E, Cambridge, Ontario
5 of 37 - 660 King Street E, Cambridge, Ontario
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660 King Street E, Cambridge, Ontario

$1,499,999

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7

Beds

7

Baths

7,412

Square feet

About 660 King Street E

Rates are coming down and this cap-rate is going up! 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. 6.08% 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. One of the 1-bedroom units will be vacating end of September, allowing market rate for new rent bringing the potential cap rate to 6.66%! 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 (id:6289)

Features of 660 King Street E

Listing # 40767242
Price $1,499,999
Bedrooms 7
Bathrooms 7.00
Square Footage 7,412
Acres 0.00
Year Built 1931
Type Multi-family
Sub-Type Freehold

Community Information

Address 660 King Street E
Subdivision 52 - Preston North
City Cambridge
Province Ontario
Postal Code N3H3N6

Amenities

Amenities Airport, Golf Nearby, Park, Place of Worship, Public Transit, Schools
Parking Spaces 3
Is Waterfront No
Has Pool No

Interior

Heating Electric, Natural gas Baseboard heaters, Forced air
Cooling Central air conditioning, Wall unit
Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Brick
Foundation Poured Concrete

Listing Details

OfficeRE/MAX SOLID GOLD REALTY (II) LTD.

Listing Map

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