660 King ST E Active Save Request In-Person Tour Request Virtual Tour
Cambridge,ON N3H 3N6
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