Name: 660 King Street E, Cambridge | MLS® 40767249
SKU: 40767249
Price: 1499999.0 CAD
Availability: InStock

$1,499,999 Sale

Listed 16 hours ago

660 King Street E

MLS® 40767249 Mixed,Building and Land

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Beds · 0

Baths · 0

Parking · -

Sqft · 7412

Est. mortgage

$5,691/mo

Property Taxes

$12,488.69/yr

Key Facts

Key facts for 660 King Street E

Property Type

Other

Parking

MLS #

40767249

Size

7412 sqft

Basement

Full

Listed on

2025-09-08

Lot size

Tax

$12,488.69 /yr

Days on Market

Year Built

1931

Maintenance Fee

Description

Interest 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, Directions:Fountain to King St E, Exclusions:All Tenant Belongings

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Full Property Details

Interior

Bedrooms

Washrooms

Square Footage

7412 sqft

Basement

Full

Kitchens

Fireplace

Bedrooms

Washrooms

Square Footage

7412 sqft

Basement

Full

Kitchens

Fireplace

Exterior

Acreage

< 0.5

Lot Dimensions

43.67 x

Waterfront

Unspecified

Parking Spaces

Total Parking Spaces

Garage Spaces

Road on Side

Municipal Road

Zoning

C1RM2

Parking Type

Asphalt,Public

Acreage

< 0.5

Lot Dimensions

43.67 x

Waterfront

Unspecified

Parking Spaces

Total Parking Spaces

Garage Spaces

Road on Side

Municipal Road

Zoning

C1RM2

Parking Type

Asphalt,Public

Building Description

Property Type

Mixed,Building and Land

Home Type

Other

Subtype

Mixed,Building and Land

Year Built

1931

Exterior

Brick,Block,Concrete

Sewers

Sewer (Municipal)

Water Supply

Municipal

StoriesTotal

New Construction

Foundation

Poured Concrete

Construction Materials

Brick,Block,Concrete

Common Interest

Freehold/None

Property Type

Mixed,Building and Land

Home Type

Other

Subtype

Mixed,Building and Land

Year Built

1931

Exterior

Brick,Block,Concrete

Sewers

Sewer (Municipal)

Water Supply

Municipal

StoriesTotal

New Construction

Foundation

Poured Concrete

Construction Materials

Brick,Block,Concrete

Common Interest

Freehold/None

Community

52 - Preston North

Community

52 - Preston North

Taxes & Fees

Taxes

$12,488.69 /yr

Taxes

$12,488.69 /yr

Other

Directions

Fountain to King St E

Directions

Fountain to King St E

Owen Lennox

Email: [email protected] Cell: 519-573-4404