660 King Street E Cambridge, Ontario N3H 3N6
$1,499,999
Rates are coming down and this cap-rate is going up! Fantastic investment opportunity in the heart of Preston. With new investment happening all around and a plan for future LRT nearby, this well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is a true turn-key opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 6.08% Cap Rate with a market-rate potential closer to 8.59%. 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. One of the 1-bedroom units will be vacating end of September, allowing market rate for new rent bringing the potential cap rate to 6.66%! Main floor commercial with great street exposure and long term leases. Potential for additional storage income. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today (id:49187)
Property Details
| MLS® Number | 40767242 |
| Property Type | Multi-family |
| Neigbourhood | Preston |
| Amenities Near By | Airport, Golf Nearby, Park, Place Of Worship, Public Transit, Schools |
| Community Features | High Traffic Area, Community Centre, School Bus |
| Parking Space Total | 3 |
Building
| Bathroom Total | 7 |
| Bedrooms Total | 7 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1931 |
| Cooling Type | Central Air Conditioning, Wall Unit |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 7412 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Airport, Golf Nearby, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 44 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1rm2 |
https://www.realtor.ca/real-estate/28830345/660-king-street-e-cambridge
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 08 2025 05:49:03
REALTORS® Association of Hamilton-Burlington
RE/MAX Solid Gold Realty (Ii) Ltd.