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660 KING STREET E
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660 KING STREET E $1,575,000
$1,575,000
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660 KING STREET E
Cambridge, Ontario N3H3N6

MLS® Number: X11948596
6
Bedrooms
7
Bathrooms
5000 - 100000
Square Feet

Listing Description

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 (39810261)

Location Description

WESTMINSTER DRIVE S

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Square Footage
5000 - 100000 sqft
Land Size
43.7 x 145.3 FT ; 47.82 X 1.28 X 47.38 X 16.03 X 50.09 X 2|under 1/2 acre
Annual Property Taxes
$11,618.20
Total Parking Spaces
3
Time on REALTOR.ca
51 days

Building

Bedrooms
Above Grade
6
Bathrooms
Total
7
Partial
1
Interior Features
Appliances Included
Dryer, Stove, Two Washers, Refrigerator
Basement Type
Full (Unfinished)
Building Features
Features
Level lot, Lane, Sauna
Foundation Type
Concrete
Fire Protection
Security system
Structures
Deck
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Neighbourhood Features
Community Features
Community Centre
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit
Parking
Total Parking Spaces
3

Measurements

Square Footage
5000 - 100000 sqft

Land

Lot Features
Frontage
43 ft ,8 in
Land Depth
145 ft ,3 in
Other Property Information
Zoning Description
C1RM2
Data provided by: OnePoint Association of REALTORS® Suite 324 - 3-301 Stone Road West, Guelph, Ontario N1G 4W4
LUKE SHANTZ
Broker
519-584-4400
REALTOR® Website
Email
Book showing
RE/MAX Solid Gold Realty (II) Ltd
Brokerage
180 WEBER ST. S. UNIT A
WATERLOO, Ontario N2J2B2
519-888-7110
519-888-6117
Office Website

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LUKE SHANTZ