660 King ST E Active

Cambridge,ON N3H 3N6

$ 1575000

6 Beds

7 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

MLS Listing ID X11948596

Style 2-Storey

Bedrooms 6

Annual Tax Amount $11,618

Tax Year 2024

Property Sub-Type Multiplex

Property Description

Fantastic investment opportunity in the heart of Preston. A well maintained mixed-use building with quality, long term residential and commercial tenants make this a true turn-key opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 5.86% Cap Rate with a market-rate potential closer to 8%. 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. parking for 3 vehicles out back. Schedule a viewing today

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Kitchen 5

Interior

Cooling Other

Exterior

Exterior Feature Deck

Parking Features Lane

Pool None

Roof Type Flat

Building

Foundation Concrete

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