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$ 1,575,000
Est. payment /mo
New
660 King ST E Cambridge, ON N3H 3N6
6 Beds
7 Baths
UPDATED:
01/31/2025 01:25 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X11948596
Style 2-Storey
Bedrooms 6
Annual Tax Amount $11,618
Tax Year 2024
Property 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
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room Yes
Basement Full, Unfinished
Kitchen 5
Interior
Interior Features Sauna, Storage
Cooling Other
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck
Parking Features Lane
Garage Spaces 3.0
Pool None
Roof Type Flat
Lot Frontage 43.67
Lot Depth 145.29
Total Parking Spaces 3
Building
Unit Features Hospital,Level,Park,Place Of Worship,Public Transit,Rec./Commun.Centre
Foundation Concrete
Others
Security Features Security System
Listed by RE/MAX Solid Gold Realty (II) Ltd