Maximum 4 project can be compared at one go.
$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 | :Commercial Sale |
MLS Number | :40556695 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :29 Aug, 2024 (21 Days ago) |
Source | :Waterloo Region |
Area | :Waterloo |
City | :Cambridge |
Area Major | :15 - Preston |
Area Minor | :52 - Preston North |
Postal Code | : N3H 3N6 |
Directions | :King St |
Price | : $1,575,000 |
Property Taxes | :$11321.24 |
Tax Year | :2023 |
Bedrooms | :0 + |
Place of Worship | :No |
Cross Street | :Westminister Dr. S |
Approx Square Footage | :7412 sqft |
Basement | :Full |
29 Aug, 2024
TREB #40556695
Price Change
$1575000
Unit | Area | Price | |
Unit - | 7412 Sq. Ft. | $1575000 |
View Details
|