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!
For sale
C$1,499,999
660 King St E, Cambridge, ON N3H 3N6
6beds
7baths
7,412sqft
Multi-6-9 Unit, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$202/sqft
C$-- HOA
What's special
- 84 days
- on Zillow |
- 20 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 02:35pm
Listed by:
Luke Shantz, Broker,
RE/MAX SOLID GOLD REALTY (II) LTD.
Source: ITSO,MLS®#: 40727494Originating MLS®#: Waterloo Region Association of REALTORS® (WRAR)
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 7
Heating
- Baseboard, Electric, Forced Air, Natural Gas
Cooling
- Central Air, Wall Unit(s)
Appliances
- Included: Dryer, Refrigerator, Stove, Washer
- Laundry: In-Suite, Other
Features
- Separate Heating Controls, Separate Hydro Meters
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 7,412
- Total interior livable area: 7,412 sqft
- Finished area above ground: 7,412
Property
Parking
- Total spaces: 3
- Parking features: Lane/Alley Parking, Private Drive Single Wide
- Uncovered spaces: 3
Features
- Exterior features: Controlled Entry, Lighting
- Frontage type: South
- Frontage length: 43.67
Lot
- Dimensions: 43.67 x
- Features: Airport, Highway Access, Hospital, Public Transit, Schools
Details
- Parcel number: 037820246
- Zoning: C1RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-6-9 Unit, Multi Family
Materials
- Brick, Block, Concrete
- Foundation: Poured Concrete
- Roof: Flat
Condition
- 51-99 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Location
- Region: Cambridge
Financial & listing details
- Price per square foot: C$202/sqft
- Annual tax amount: C$11,618
- Date on market: 5/13/2025
- Inclusions: Other, 4 Stoves, 4 Fridges, 2 Washers, 2 Dryers, Restaurant Chattels, Equipment And Fixtures
- Exclusions: All Tenant Belongings
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