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Office Listings
- Status:
- Active
- Prop. Type:
- Other
- MLS® Num:
- 40767249
- Photos (37)
- Schedule / Email
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Interest rates are coming down, and this cap-rate is going up! 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. 6.08% 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. One of the 1-bedroom units will be vacating end of September, allowing market rate for new rent bringing the potential cap rate to 6.66%! 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 (id:2493)
- Property Type:
- Other
- Common Interest:
- Freehold
- Total Living Area:
- 7,412 sq. ft.
- Total Building Area:
- 7,412 sq. ft.
- Zoning:
- C1RM2
- Taxes:
- $12,488.69 / -
- Community:
- 52 - Preston North
- Exterior Features:
- Concrete, Brick
- Community Features:
- High Traffic Area
- Security Features:
- Alarm system
- Utilities:
- Natural Gas, Electricity, Telephone
- Construction Material:
- Concrete block, Concrete Walls
- Fireplace:
- No
- Foundation:
- Poured Concrete
- # Storeys:
- 2.0
- Water:
- Municipal water
- Sewer:
- Municipal sewage system
- Basement:
- Full
- Lot Frontage:
- 44'
- Lot Features:
- Visual exposure, Paved Driveway
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Listed by RE/MAX SOLID GOLD REALTY (II) LTD.
Data was last updated October 21, 2025 at 12:15 PM (UTC)
- DENISE DERBEZ
- RE/MAX SOLID GOLD REALTY
- 1 (519) 4968790
- Contact by Email
