660 King Street E, Cambridge, ON N3H 3N6
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660 King Street E, Cambridge, ON N3H 3N6
660 King Street E, Cambridge, ON N3H 3N6
660 King Street E, Cambridge, ON N3H 3N6
660 King Street E, Cambridge, ON N3H 3N6
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Tabitha Rourke

Tabitha Rourke

+1(519) 496-4219
Listed by Luke Shantz • RE/MAX SOLID GOLD REALTY (II) LTD.
$ 1,449,999
Est. payment /mo
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Active Under Contract

660 King Street E Cambridge, ON N3H 3N6

6 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 40827594

Bedrooms 6

Year Built 1931

Annual Tax Amount $13,562

Property Sub-Type Multi-6-9 Unit

Source Cornerstone

Property Description

PRICE DROP!! Now offering just under 7% CAP RATE - it's hard to find buildings cash flowing like this one! This fantastic investment opportunity is in the heart of Preston with new investment happening all around and a plan for future LRT nearby. A well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants makes this a true turn-key opportunity. 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. The Main floor commercial offers great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today

Location

Province ON

County Waterloo

Area 15 - Preston

Zoning C1RM2

Direction Fountain to King St E

Rooms

Basement Full, Unfinished

Kitchen 0

Interior

Interior Features Separate Heating Controls, Separate Hydro Meters

Heating Baseboard, Electric, Forced Air, Natural Gas

Cooling Central Air, Wall Unit(s)

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry None, In-Suite

Exterior

Exterior Feature Controlled Entry, Lighting

Roof Type Flat

Street Surface Paved

Lot Frontage 43.67

Garage No

Building

Lot Description Irregular Lot, Airport, Ample Parking, City Lot, Near Golf Course, High Traffic Area, Highway Access, Hospital, Park, Place of Worship, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools

Faces Fountain to King St E

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick Veneer

New Construction No

Others

Senior Community No

Tax ID 037820246

Ownership Freehold/None

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Tabitha Rourke

Tabitha Rourke

Broker

+1(519) 496-4219

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660 King Street E