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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 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
| Property Type | :Commercial |
|---|---|
| MLS Number | :X11948592 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :18 Feb, 2025 (15 Days ago) |
| Source | :TRREB |
| Area | :Waterloo |
|---|---|
| Postal Code | :
N3H 3N6
|
| Price | : $1,575,000 |
|---|---|
| Property Taxes | :$11618.20 |
| Tax Year | :2024 |
|---|
| Cross Street | :WESTMINISTER DRIVE S |
|---|
31 Jan, 2025
TREB #X11948592
Available
$1,575,000
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