660 King Street E Cambridge, Ontario N3H 3N6
$1,575,000
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 opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 5.86% Cap Rate with a market-rate potential closer to 8%. 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. parking for 3 vehicles out back. Schedule a viewing today (id:19593)
Property Details
| MLS® Number | 40694619 |
| Property Type | Other |
| AmenitiesNearBy | Airport, Hospital, Public Transit, Schools |
| CommunicationType | High Speed Internet |
| CommunityFeatures | High Traffic Area |
| Features | Visual Exposure, Paved Driveway |
Building
| BasementType | Full |
| ConstructionMaterial | Concrete Block, Concrete Walls |
| ExteriorFinish | Brick, Concrete |
| FireProtection | Alarm System |
| FoundationType | Poured Concrete |
| StoriesTotal | 2 |
| SizeExterior | 7412.0000 |
| SizeInterior | 7412 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Airport, Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeFrontage | 44 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C1rm2 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27861539/660-king-street-e-cambridge
180 Weber Street South Unit A
Waterloo, Ontario N2J 2B2
(519) 888-7110
www.remaxsolidgold.biz/
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January 31 2025 01:28:00
Kitchener-Waterloo Association of REALTORS®
RE/MAX Solid Gold Realty (Ii) Ltd.
