660 King Street East, Cambridge | Image 1

660 King Street East

Cambridge

  • 6 bed 7 bath 5000 sqft
$1,575,000 est.*: $5,335/mo
For Sale

Added 5 hours ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Size: 5000 sqft

  • Lot Size: 43.67 x 145.29 Feet

  • Age: 100+ years

  • Taxes: $11,618 per year

  • Added: Jan 31, 2025 (5 hours ago)

  • Updated:

  • Last Checked: 1 hour ago

  • MLS®#: X11948596

  • 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 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

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Size (sq ft): 5000

  • Age: 100+

  • Area: Cambridge

  • Availability Date: FLEXIBLE

  • Assessment Amount: $546,000

  • Assessment Year: 2025

Inside

  • Bedrooms: 6

  • Bathrooms: 7

  • Kitchens: 5

  • Rooms: 27

  • Den/Family Room: Yes

  • Air Conditioning: Other

  • Fireplace: No

  • Central Vacuum: N

  • Washrooms: 7

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Yes

  • Telephone: Yes

Building

  • Basement: Full

  • Basement 2: Unfinished

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Lane

  • Garage Type: None

  • Covered Parking Spaces: 3

  • Total Parking Spaces: 3

Fees

  • Tax Year: 2024

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

  • Taxes: $11,618

Highlights

  • Feature: Hospital

  • Feature: Level

  • Feature: Park

  • Feature: Place Of Worship

  • Feature: Public Transit

  • Feature: Rec Centre

Land

  • Cross Street: WESTMINSTER DRIVE S

  • Municipality District: Cambridge

  • Fronting On: South

  • Parcel Number: 037820246

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 145.29 Feet

  • Lot Frontage: 43.67 Feet

  • Lot Irregularities: 47.82 X 1.28 X 47.38

  • Acres: < .50

  • Zoning: C1RM2

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Walker's Paradise

  • Daily errands do not require a car.
91 /100

Some Transit

  • Most errands require a car.
44 /100

Very Bikeable

  • Most errands can be accomplished on bike.
71 /100
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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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