PRICE DROP!! Now offering 6% 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
| MLS # | 40827597 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1931 |
| Days On Site | 126 |
| Listing Provided By | RE/MAX SOLID GOLD REALTY (II) LTD. | Luke Shantz |
| SQ Feet | 7,412 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | C1RM2 |
| Interior Features | High Speed Internet |
|---|---|
| Cooling Yes / No | No |
| Lot Features | Irregular Lot, Airport, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Schools, Visual Exposure |
|---|---|
| Construction Materials | Brick Veneer, Block |
| Foundation Details | Poured Concrete |
| Security Features | Alarm System, Carbon Monoxide Detector(s) |
| Parking Features | Concrete, Gravel |
|---|---|
| Attached Garage Yes / No | No |
| Utilities | Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected |
|---|---|
| Sewer | Sewer (Municipal) |
| Tax Annual Amount | 13562.51 |
|---|
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Cambridge |
| Postal Code | N3H 3N6 |
| Area | 15 Preston |
| Subarea | 52 Preston North |
| Community Name | 52 Preston North |
| Listing VS Median (in 52 Preston North) | |
Price: $1,449,999 low | high Med: $549,000 sqft: 7,412 low | high Med: 2,602 $ / sqft: $196 low | high Med: $211 On site: 126 low | high Med: 184 | |
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Cambridge |
| Postal Code | N3H 3N6 |
| Area | 15 Preston |
| Subarea | 52 Preston North |
| Community Name | 52 Preston North |
| Listing VS Median (in 52 Preston North) | |
Price: $1,449,999 low | high Med: $549,000 sqft: 7,412 low | high Med: 2,602 $ / sqft: $196 low | high Med: $211 On site: 126 low | high Med: 184 | |