660 King Street E, Cambridge, ON N3H 3N6, Cambridge, ON, N3H 3N6
MLS: X13090718 | Multiplex
$1,499,999
Property Description
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!
Quick Facts
- Property Type: Multiplex
- Style: 2-Storey
- Bedrooms: 6 (6 above)
- Bathrooms: 7
- Parking: 3.0 spaces (Lane)
Costs
- Annual Taxes: $12,488.69 (2025)
Listing Provided by: RE/MAX Solid Gold Realty (II) Ltd
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Other
- Basement: Full, Unfinished
Exterior & Construction
- Style: 2-Storey
- Roof: Flat
- Construction: Brick
- Foundation: Poured Concrete
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: C1RM2
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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660 King Street E, Cambridge, ON N3H 3N6, Cambridge, ON, N3H 3N6