Property Information:

*****Exceptional 20-Unit Apartment Building in Prime Preston Location *****Assumable low cost Financing & Strong Upside **** Take advantage of a rare low-cost, assumable mortgage of $2,759,890 at a 4.00% interest rate with a 10-year term and 40-year amortization. This financing structure provides optimized cash flow and reduced financing costs, enhancing returns from day one. This well-maintained 20-unit apartment building offers an unbeatable investment opportunity; Featuring a desirable unit mix of 16 one-bedroom and 4 two-bedroom apartments, the property boasts bright and spacious suites. The building is set up for easy management with an abundance of on-site surface parking—more than enough for every unit—and strong curb appeal. Investors will appreciate the immediate upside potential: several units are currently vacant and ready to be leased at market rents, providing a clear and achievable path to increasing net operating income and significant lift in value. With strong rental demand in the area and limited multi-family supply, this property is ideally positioned for cash flow and long-term appreciation. Centrally located in the heart of Preston, residents enjoy walking access to local amenities including restaurants, retail shops, transit ( 100 feet from the property) , and city parks. Whether you're a seasoned investor looking to expand your portfolio or a strategic buyer seeking stable multifamily income with natural upside in value , this property delivers on all fronts. Don't miss your chance to acquire a rare, scalable asset in a proven rental location.

Inclusions: Other,Fridge X 20, Stove X 20, " As-Is, Where-Is "

Exclusions : Tenants Belongings & Tools In The Shop

Building Features:

Floor Space: 13600 Square Feet

Property Features:

Bedrooms: 24
Acres Range: < 0.5
Basement: Partial, Partially Finished
Construction Materials: Vinyl Siding
Cooling: Wall Unit(s)
Driveway Parking: Outside/Surface/Open
Floor Space (approx): 13600 Square Feet
Heating: Baseboard
Interior Features: Separate Hydro Meters
Laundry Features: Coin Operated, Common Area
Lot Features: City Lot, Highway Access, Hospital, Open Spaces, Park, Playground Nearby, Public Parking, Regional Mall, Schools
Lot Frontage: 105.33 Feet
Parking Features: Asphalt
Roof: Asphalt Shing
Water Source: Municipal
Zoning: M1
Sewer: Sewer (Municipal)
No. of Parking Spaces: 22