660 King Street East, Cambridge | Image 1

660 King Street East

Cambridge

  • Commercial

$X,XXX,XXX
For Sale

Added 3 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: C1RM2

  • Age: No Data

  • Taxes: 11321.24

  • MLS®#: X8212556

  • Days on Site: 4 Days

  • Added: Apr 04, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RE/MAX SOLID GOLD REALTY (II) LTD.

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 future. Current cap rate approx. 5.6% with a market rate closer to 8% after future tenant turnover. With 4 residential units and2 commercial, this building offers a good mix of income streams with great 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!

Extras

**INTERBOARD LISTING: WATERLOO ASSOCIATON OF REALTORS**

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Retail

  • Area: Cambridge

  • Availability Date: Flexible

  • Assessment Amount: $546,000

  • Assessment Year: 2023

Inside

  • Air Conditioning: Part

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 19 S/S KING ST & W/S POTTER ST PL 521 CAMBRIDGE; PT LT 20

  • Taxes: $11,321

  • Taxes Type: Annual

Land

  • Cross Street: Westminster Drive S

  • Municipality District: Cambridge

  • Parcel Number: 037820246

  • Sewer: San+Storm Avail

  • Lot Depth: 145.29 Feet

  • Lot Frontage: 43.67 Feet

  • Zoning: C1RM2

Commercial Specific

  • Rail: N

  • Total Area: 7412

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 660 King Street East, Cambridge
JK-8

St Joseph Catholic Elementary School

Elementary: Catholic
0.90 km
JK-6

Preston Public School

Elementary: Public
0.23 km
JK-6

Grand View Public School

Elementary: Public
0.57 km
JK-8

St Michael Catholic Elementary School

Elementary: Catholic
1.10 km
JK-6

Coronation Public School

Elementary: Public
1.23 km
7-8

William G Davis Public School

Elementary: Public
1.30 km
9-12

ÉSC Père-René-de-Galinée

Secondary: Catholic
3.67 km
Pre-Grade 9-12

Southwood Secondary School

Secondary: Public
5.39 km
Pre-Grade 9-12

Galt Collegiate and Vocational Institute

Secondary: Public
4.43 km
Pre-Grade 9-12

Preston High School

Secondary: Public
0.74 km
Pre-Grade 9-12

Jacob Hespeler Secondary School

Secondary: Public
4.17 km
9-12

St Benedict Catholic Secondary School

Secondary: Catholic
4.66 km
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