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660 King St E

King St E, Preston Centre, Cambridge, ON, N3H 3N6

6
Beds
7
Baths
5,000
Sq. Ft.
$1,575,000
List Price
Details
Photos
37
Comparables
History
660 King St E, Cambridge, ON - 1 of 3
660 King St E, Cambridge, ON - 2 of 3
660 King St E, Cambridge, ON - 3 of 3
New
21 days on market

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%.... Show More

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

Property Details

Size

5,000 sq. ft.
6 Beds
6 Above Grade
7 Baths

Parking

3 Parking Spaces
-

Lot

Size
43′8″ * 145′3″
Acres
-

Build

Year Built
1925
Model Name
-
Basement
Unfinished, Full
Exterior
Brick
Foundation
Concrete
Builder Name
-
Stories
-
Flooring
-
Roof
Flat

Heating & Cooling

Heating
Forced Air
Cooling
Other

Utilities

Water
-
Sewer
Sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2024-01-01
Property Tax Amount
$11,618.2

Source

Listing Brokerage

MLS® Listing
X11948596
Last Updated
February 18, 2025
Brokerage
RE/MAX Solid Gold Realty (II) Ltd
Call us 800-591-0566

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