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

About 660 King Street E

SPRING SALE! 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. 6.15% 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. 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:36535)

Features of 660 King Street E

Listing #	40694602
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	Yes
Basement Type	Full (Unfinished)
Basement Development	Unfinished

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