Size
7412 sqft
Lot size
-
Street frontage
-
Possession
-
Price per sqft
$202
Taxes
$12,488.69 (2025)
Parking Type
-
Style
Other
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Description
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
Broker: RE/MAX SOLID GOLD REALTY (II) LTD.
MLS®#: 40767242
Property details
Parking:
3
Parking type:
-
Property type:
Multiplex
Heating type:
Baseboard,
Style:
Other
MLS Size:
7412 sqft
Lot front:
43 Ft
Listed on:
Sep 8, 2025
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