ON > Cambridge
Cambridge, ON N3H 3N6,660 King Street E
Cambridge, ON N3H 3N6,660 King Street E
Cambridge, ON N3H 3N6,660 King Street E
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Listed by Luke Shantz • RE/MAX SOLID GOLD REALTY (II) LTD.
$1,575,000
Est. payment /mo
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7 BD
7 BA
7,412 SqFt
Active

660 King Street E Cambridge, ON N3H 3N6

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Mico Radulovic

Mico Radulovic

Real Broker Ontario Ltd. Brokerage

+1(519) 722-3434

UPDATED:

01/31/2025 01:06 PM

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 7,412 sqft

Price per Sqft $212

MLS Listing ID 40694602

Bedrooms 7

Abv Grd Liv Area 7,412

Originating Board Waterloo Region

Annual Tax Amount $11,618

Property Sub-Type Multi-6-9 Unit

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 15 - Preston

Zoning C1RM2

Direction FOUNTAIN TO KING STREET 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 In-Suite, Other

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

Faces FOUNTAIN TO KING STREET E

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 037820246

Ownership Freehold/None

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Mico Radulovic

Real Estate Broker

+1(519) 722-3434

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