660 King Street E Cambridge, Ontario N3H 3N6
$1,499,999
Rates are coming down and this cap-rate is going up! Currently operating at a 6.78% cap-rate with market potential closer to 8.64% - 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. This well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is 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 (id:43503)
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 | 6 |
| 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 | 7,412 Ft2 |
| 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
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October 28 2025 02:21:38
REALTORS® Association of Hamilton-Burlington
RE/MAX Solid Gold Realty (Ii) Ltd.