A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, building for 660 King St, Cambridge Ontario N3H 3N6
Re-listed 50 days ago

660 King St, Cambridge, Ontario N3H 3N6

Townhouse
6
7
~5000 + sqft
$•••,•••
$1,499,999
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$7,500Cashback
Townhouse
6
7
~5000 + sqft

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Highlights

Property Estimate

Days on market50 days

Total days on market
271 days

Estimated valueNot available

Price/Sqft$150/sqft

Monthly cost

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CMA Subject Property

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Description

Rates are coming down and this cap-rate is going up! Currently operating at a 6.78% cap-rate with market potential closer to 8.64% - it's hard to find buildings cash flowing like this one! This fantastic investment opportunity is 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 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. The Main floor commercial offers 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 Details

Style2-Storey
View-
Age of property51-99
SqFt~5000 + SqFt
Lot Size6,344 SqFt(145.29 x 43.67)
Parking Spaces3
MLS ®NumberX12389103
Community NameCentral Park
Data SourceTRREB
Listing byRE/MAX Solid Gold Realty (II) Ltd

Features

Heating: Forced Air
Cooling: Other
Basement: Full, Unfinished

Features

Lot size: 6,344 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Market Data - Central Park

Geo Zone Map ThumbnailCentral Park

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

49 days

Compared to

2024

0 day

2023

10 days

2022

27 days

New Listings

Past 30 days

2 listings

Compared to

2024

4 listings

2023

3 listings

2022

4 listings

Units sold

Past 30 days

5 units

Compared to

2024

0 unit

2023

1 unit

2022

2 units

Median Sold Price

Past 30 days

$699,900

Compared to

2023

$675,000

2022

$632,500


Population and Demographics

Overview

Total population 8915
Average household income $101,055

Age (%)

0 to 19
18%
20 to 34
21%
35 to 49
18%
50 to 64
21%
65 and plus
21%

Household composition (%)

Single family
56%
Single person
38%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
91%
Others
4%
Portuguese
2%
French
1%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget