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$1,575,000
Status: For Sale
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 and 2 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!
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40556617 |
| Listing Type | :Sale |
| Property Age | :51-99 Years years |
| Possession Date | : |
| Last Updated | :26 Sep, 2024 (40 Days ago) |
| Source | :Waterloo Region |
| Area | :Waterloo |
|---|---|
| City | :Cambridge |
| Area Major | :15 - Preston |
| Area Minor | :52 - Preston North |
| Postal Code | :
N3H 3N6
|
| Directions | :Fountain to King Street E |
| Price | : $1,575,000 |
|---|---|
| Property Taxes | :$11321.24 |
| Tax Year | :2023 |
|---|
| Bedrooms | :6 + |
|---|---|
| Air Conditioning | :Central Air |
| Heating | :Baseboard |
| Place of Worship | :No |
| Bathrooms | :7 |
|---|---|
| Approx Square Footage | :7412 sqft |
| Parking Space | :3 |
|---|---|
| Basement | :Full |
| Park | :Park |
|---|
28 Aug, 2024
TREB #40556617
Price Change
$1575000
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$1,575,000
660 King Street E, Waterloo, ON
Listing ID #40556617
Price drop by $25,000
Price drop by $25,000