$1,499,999
Available - For Sale
Listing ID: X11948592
660 King Street East , Cambridge, N3H 3N6, Waterloo
| SPRING SALE! 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. 6.15% 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. 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 |
| Price | $1,499,999 |
| Taxes: | $11618.20 |
| Tax Type: | Annual |
| Assessment: | $546000 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 660 King Street East , Cambridge, N3H 3N6, Waterloo |
| Postal Code: | N3H 3N6 |
| Province/State: | Waterloo |
| Legal Description: | PT LT 19 S/S KING ST & W/S POTTER ST PL |
| Lot Size: | 43.68 x 145.29 (Feet) |
| Directions/Cross Streets: | WESTMINISTER DRIVE S |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 7412.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| RE/MAX Solid Gold Realty (II) Ltd |
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At a Glance:
| Type: | Com - Investment |
| Area: | Waterloo |
| Municipality: | Cambridge |
| Neighbourhood: | Dufferin Grove |
| Lot Size: | 43.68 x 145.29(Feet) |
| Tax: | $11,618.2 |
| Fireplace: | N |
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