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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 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 | :Residential Income |
MLS Number | :40556617 |
Listing Type | :Sale |
Property Age | :51-99 Years years |
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 | :Fountain to King Street E |
Price | : $1,575,000 |
Property Taxes | :$11321.24 |
Tax Year | :2023 |
Bedrooms | :6 + |
Air Conditioning | :Central Air |
Heating | :Baseboard |
Place of Worship | :No |
Bathrooms | :7 |
Approx Square Footage | :7412 sqft |
Parking Space | :3 |
Basement | :Full |
Park | :Park |
28 Aug, 2024
TREB #40556617
Price Change
$1575000
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Unit | Area | Price | |
Unit - | 7412 Sq. Ft. | $1575000 |
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