$1,499,999
Available - For Sale
Listing ID: X12144587


SPRING SALE! Fantastic investment opportunity in the heart of Preston. With new investment happening all around and a plan for future LRT nearby, this well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants is a true turn-key opportunity. With mortgage rates continually dropping, this investment currently operates at approx. 6.15% Cap Rate with a market-rate potential closer to 8.59%. 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. Equipment is all owned, no rentals. Appliances included. Schedule a viewing today
Price $1,499,999
Taxes: $11618.20
Tax Type: Annual
Assessment Year: 2025
Occupancy: Tenant
Province/State: Waterloo
Legal Description: Pt Lt 19 S/S King St & W/S Potter St Pl
Directions/Cross Streets: King Street/Westminster
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Category: Retail
Building Percentage: T
Total Area: 7412.00
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Sprinklers: No
Washrooms: 0
Outside Storage: F
Rail: N
Heat Type: Gas Forced Air Close
Central Air Conditioning: Partial
Sewers: Sanitary+Storm
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Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX Solid Gold Realty (II) Ltd
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Sachi Patel
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647-702-7117
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At a Glance:
Type: Com - Investment
Area: Waterloo
Municipality: Cambridge
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 145.00(Feet)
Approximate Age:
Tax: $11,618.2
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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