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$1,499,999
Status: For Sale
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!
| Property Type | :Commercial Sale |
|---|---|
| MLS Number | :40727467 |
| Listing Type | :Sale |
| Property Age | :51-99 Years |
| Possession Date | : |
| Last Updated | :08 Jul, 2025 (149 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 St E |
| Price | : $1,499,999 |
|---|---|
| Property Taxes | :$11618.2 |
| Tax Year | :2025 |
|---|
| Cross Street | :Westminster Drive South |
|---|
| Approx Square Footage | :7412 sqft |
|---|
08 Jul, 2025
TREB #40727467
Property update
$1499999
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