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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 Sale |
|---|---|
| MLS Number | :40694619 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :31 Jan, 2025 (32 Days ago) |
| Source | :Waterloo Region |
| Area | :Waterloo |
|---|---|
| City | :Cambridge |
| Area Major | :15 - Preston |
| Area Minor | :52 - Preston North |
| Postal Code | :
N3H 3N6
|
| Directions | :KING STREET |
| Price | : $1,575,000 |
|---|---|
| Property Taxes | :$11618.2 |
| Tax Year | :2024 |
|---|
| Place of Worship | :No |
|---|---|
| Cross Street | :WESTMINISTER DRIVE S |
| Approx Square Footage | :7412 sqft |
|---|
31 Jan, 2025
TREB #40694602
Listed
$1,575,000
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