Size
-
Lot size
6344 sqft
Street frontage
-
Possession
-
Price per sqft
$23 - $300
Taxes
$11,618.2 (2024)
Parking Type
-
Style
2-Storey
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Description
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
Broker: RE/MAX Solid Gold Realty (II) Ltd
MLS®#: X11948596
Property details
Parking:
3
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
5000-65535 sqft
Lot front:
43 Ft
Lot depth:
145 Ft
Listed on:
Jan 31, 2025
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Instant estimate:
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$19,458
lower than listed pricei
High
$1,510,152
Mid
$1,480,541
Low
$1,383,285