660 King Street E Cambridge, ON N3H 3N6
6 Beds
4 Baths
7,412 SqFt
UPDATED:
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 $202
MLS Listing ID 40827594
Bedrooms 6
Abv Grd Liv Area 7,412
Year Built 1931
Annual Tax Amount $12,488
Property Sub-Type Multi-6-9 Unit
Source Cornerstone
Property Description
6.88% cap-rate with market potential closer to 8.73% - it's hard to find buildings
cash flowing like this one! This fantastic investment opportunity is 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 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. The Main floor commercial offers 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, 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 None, In-Suite
Exterior
Exterior Feature Controlled Entry, Lighting
Roof Type Flat
Street Surface Paved
Lot Frontage 43.67
Garage No
Building
Lot Description Irregular Lot, Airport, Ample Parking, City Lot, Near Golf Course, High Traffic Area, Highway Access, Hospital, Park, Place of Worship, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools
Faces Fountain to King St E
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick Veneer
New Construction No
Others
Senior Community No
Tax ID 037820246
Ownership Freehold/None
NEARBY SCHOOLS & PROPERTIES