660 King Street E, Cambridge Property Listing: MLS® #40694602

About 660 King Street E

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:36535)

Features of 660 King Street E

Listing #	40694602
Price	$1,575,000
Bedrooms	7
Bathrooms	7.00
Square Footage	7,412
Acres	0.00
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

Office	Courtesy Of LUKE SHANTZ Of RE/MAX SOLID GOLD REALTY (II) LTD.

660 King Street E, Cambridge, Ontario