660 King Street E Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N3H 3N6
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 7,412 sqft
Price per Sqft $212
MLS Listing ID 40556695
Abv Grd Liv Area 7,412
Originating Board Waterloo Region
Annual Tax Amount $11,321
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 future. Current cap rate approx 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and 2 commercial, this building offers a good mix of income streams with great 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 King St
Rooms
Basement Full
Kitchen 0
Interior
Interior Features High Speed Internet
Fireplace No
Exterior
Parking Features Asphalt,Public
Utilities Available Electricity Connected,Natural Gas Connected,Recycling Pickup,Street Lights,Phone Connected
Street Surface Paved
Lot Frontage 43.67
Garage No
Building
Lot Description Irregular Lot,Airport,Business Centre,City Lot,High Traffic Area,Highway Access,Hospital,Public Transit,Schools,Visual Exposure
Faces King St
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Block,Concrete
New Construction No
Others
Senior Community No
Tax ID 037820246
Ownership Freehold/None