660 E King Street
Cambridge
N3H 3N6
$1,499,999
Residential Income
beds: 7
baths: 7.0
7,412 sq. ft.
built: 1931
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40767242
- Bedrooms:
- 7
- Bathrooms:
- 7
- Year Built:
- 1931
- Photos (37)
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Rates are coming down and this cap-rate is going up! 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. 6.08% 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. One of the
1-bedroom units will be vacating end of September, allowing market rate for new
rent bringing the potential cap rate to 6.66%! 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
- Property Type:
- Residential Income
- Property SubType:
- Multi-6-9 Unit
- Year built:
- 1931 (Age: 94)
- Listing General Location:
- 52 - Preston North, 15 - Preston
- Bedrooms:
- 7
- Bathrooms:
- 7.0 (Full:-/Half:-)
- Lot Details:
- 43.67 x
- Lot Frontage:
- 43'8"
- Frontage Type:
- South
- Lot Shape:
- 47.82 X 1.25 X 47.38 X 43.67 X 145.29 X 16.03 X 50
- Kitchens:
- 0
- County Or Parish:
- Waterloo
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Construction:
- Brick
- Basement:
- Full, Unfinished
- Foundation:
- Poured Concrete
- Roof:
- Flat
- Number of Storeys:
- 2
- Number of Buildings:
- 0
- Total Floor Area:
- 7,412 sq. ft.
- Finished Area Above Grade:
- 7,412 sq. ft.
- Fireplace:
- false
- Laundry Features:
- In-Suite, Other
- Water Supply:
- Municipal
- Water Meter:
- Yes
- Water Treatment:
- No
- Sewer:
- Sewer (Municipal)
- Cooling:
- Central Air, Wall Unit(s)
- Heating:
- Baseboard, Electric, Forced Air, Natural Gas
- Other,4 Stove,4 Fridge,2 Washer 2 Dryer, Restaurant Chattels,Equipment And Fixtures
- Dryer, Refrigerator, Stove, Washer
- All Tenant Belongings
- Separate Heating Controls, Separate Hydro Meters
- Controlled Entry, Lighting
- false
- No
- FOUNTAIN TO KING STREET E
- Unknown
- No
- HST Applicable To Sale Price:
- Yes
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Zoning:
- C1RM2
- Lot Site Features:
- Irregular Lot, Airport, Ample Parking, Business Centre, City Lot, Near Golf Course, High Traffic Area, Highway Access, Park, Place of Worship, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools
- Features:
- Crops Included: No, Garage: No, New Construction: No
- # Of Total Parking Spaces:
- 3.0
- # Of Open Parking Spaces:
- 3.0
- Driveway Parking:
- Lane/Alley Parking, Outside/Surface/Open
- Road Frontage Type:
- Municipal Road
- Road Surface Type:
- Paved
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Num Occupied Units:
- 6
- Listed Date:
- Sep 08, 2025
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Listed by RE/MAX SOLID GOLD REALTY (II) LTD.
Data was last updated October 26, 2025 at 07:50 PM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $714,450
- Min list price:
- $499,900
- Max list price:
- $4,950,000
- Avg days on market:
- 48
- Min days on market:
- 12
- Max days on market:
- 187
- Avg price per sq.ft.:
- $277.52
These statistics are generated based on the current listing's property type
and located in
15 - Preston. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- CHRIS GEHL
- RE/MAX SOLID GOLD REALTY
- 1 (226) 3386840
- Contact by Email
RE/MAX Solid Gold Realty
Office Address:
180 Weber Street South
Waterloo, ON, N2J 2B2