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 6.88% cap-rate with market potential closer to 8.73% - 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:61445)
Property Details
| MLS® Number | 40827594 |
| Property Type | Multi-family |
| AmenitiesNearBy | Airport, Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools |
| CommunityFeatures | High Traffic Area, Community Centre, School Bus |
| ParkingSpaceTotal | 3 |
Building
| BathroomTotal | 4 |
| BedroomsTotal | 6 |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| ConstructedDate | 1931 |
| CoolingType | Central Air Conditioning, Wall Unit |
| ExteriorFinish | Brick Veneer |
| FoundationType | Poured Concrete |
| HeatingFuel | Electric, Natural Gas |
| HeatingType | Baseboard Heaters, Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 7412 Sqft |
| UtilityWater | Municipal Water |
Parking
| Open |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Airport, Golf Nearby, Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeFrontage | 44 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C1rm2 |
https://www.realtor.ca/real-estate/29708419/660-king-street-e-cambridge
Interested?
Contact us for more information
Luke Shantz
Broker
180 Weber Street South Unit A
Waterloo, Ontario N2J 2B2
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June 02 2026 04:30:22
RE/MAX Solid Gold Realty (Ii) Ltd.