REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 1,449,999

Est. payment -/mo

Save

Price Dropped by $50K

660 King ST Cambridge, ON N3H 3N6

6 Beds

4 Baths

7,412 SqFt

UPDATED:

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 $195

MLS Listing ID 40827594

Bedrooms 6

Abv Grd Liv Area 7,412

Year Built 1931

Annual Tax Amount $12,488

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

Level or Stories 2

Structure Type Brick Veneer

New Construction No

Others

Senior Community false

Tax ID 037820246

Ownership Freehold/None

Listed by RE/MAX SOLID GOLD REALTY (II) LTD.

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

GET MORE INFORMATION