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:50886)
Property Details
| MLS® Number | 40694619 |
| Property Type | Other |
| Amenities Near By | Airport, Hospital, Public Transit, Schools |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Visual Exposure, Paved Driveway |
Building
| Basement Type | Full |
| Construction Material | Concrete Block, Concrete Walls |
| Exterior Finish | Brick, Concrete |
| Fire Protection | Alarm System |
| Foundation Type | Poured Concrete |
| Stories Total | 2 |
| Size Exterior | 7412.0000 |
| Size Interior | 7,412 Ft2 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Airport, Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 44 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1rm2 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27861539/660-king-street-e-cambridge
Contact Us
Contact us for more information
Luke Shantz
Broker
www.shantzsellskw.ca/
www.facebook.com/Luke.Shantz.Realtor
180 Weber Street South Unit A
Waterloo, Ontario N2J 2B2
(519) 888-7110
www.remaxsolidgold.biz/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 31 2025 01:28:00
Waterloo Region Association of REALTORS®
RE/MAX Solid Gold Realty (Ii) Ltd.