660 KING STREET EAST
Cornerstone · N3H3N6
$1,449,999
About this residence
PRICE DROP!! Now offering just under 7% CAP RATE - 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. A well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants makes this 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 (id:61366)
Property details
- Property type
- Other
- Style
- Residential Commercial Mix
- Ownership
- Freehold
- Storeys
- 2
- Living area
- 7,412 sq ft
- Frontage
- 44 feet
- Year built
- 1931
- Annual tax
- $12,489
- MLS®
- 40827597
- Board
- Cornerstone
- Status
- Active
- Listed
- May 7, 2026
- Updated
- Jun 29, 2026
Features & finishes
Basement
- Full
Exterior
- Concrete
- Brick Veneer
Foundation
- Poured Concrete
Lot
- Visual exposure
- Crushed stone driveway
Sewer & Utilities
- Municipal sewage system
- Electricity
- Natural Gas
- Telephone
Community
- High Traffic Area
Financing
Estimated monthly payment
$6,781/mo
Loan amount
$1,159,999
Down payment
$290,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornerstone
Nearby
About the area
Census · N3H- 24,306
- Population
- 41
- Median age
- $82,000
- Median income
- $600,000
- Median home value
- 62%
- Home ownership
- 24 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 660 KING STREET EAST?
660 KING STREET EAST is listed for $1,449,999, in Cornerstone.
What type of home is 660 KING STREET EAST?
660 KING STREET EAST is a Other, Residential Commercial Mix set over 2 storeys, built in 1931.
How large is 660 KING STREET EAST?
The home offers approximately 7,412 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $6,781. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $12,489 per year.
What is the Cornerstone area like?
Cornerstone has a population of about 24,306, a median age of 41, a 62% home-ownership rate, with an average commute of about 24 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $82,000.
Similar residences
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Private viewings
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