Active

660 E KING Street E

Cambridge Ontario, N3H3N6

C$1,575,000


C$212.49 per sqft

Active

6 Beds

7 Baths

7,412 sqft

Residential

Built in 1931

 Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD. 

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 future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great 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:41202)

40556617

MLS ID

November 22, 2024

Updated

Map

660 E KING Street E
Cambridge Ontario, N3H3N6

Interior Features

Total Stories

2


Bedrooms

6


Total Bathrooms

7


Fireplace

No


Cooling

Yes


Cooling Description

Central air conditioning, Wall unit


Heating

Yes


Heating Description

Baseboard heaters, Forced air, Electric, Natural gas

Exterior/Building Features

Sewer

Municipal sewage system

Other Property Details

Association Amenities

Airport, Golf Nearby, Park, Place of Worship, Public Transit, Schools


Garage

No


Parking Total

3


View

No


Pool

No

Listing History

Date

Event

Price

8/29/2024

Price change

$1,575,000

-2%

Courtesy of RE/MAX SOLID GOLD REALTY (II) LTD.

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