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
Cambridge, ON N3H 3N6,660 King Street E
Cambridge, ON N3H 3N6,660 King Street E
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$ 1,575,000
Est. payment | /mo

7,412 SqFt


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$ 1,575,000
Est. payment | /mo
Save

7,412 SqFt

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 $212

MLS Listing ID 40556695

Abv Grd Liv Area 7,412

Originating Board Waterloo Region

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 King St

Rooms

Basement Full

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Garage Asphalt, Public

Utilities Available Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected

Waterfront No

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 King St

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Block,Concrete

New Construction No

Others

Senior Community false

Tax ID 037820246

Ownership Freehold/None

Listed by RE/MAX SOLID GOLD REALTY (II) LTD.
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660 King Street E