Property Information:

Rates are coming down and this cap-rate is going up! Currently operating at a 6.78% cap-rate with market potential closer to 8.64% - it's hard to find buildings cash flowing like this one! This fantastic investment opportunity is 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 4 residential units and 2 commercial, thisbuilding offers a good mix of income streams with fantastic upside potential. 2- two bedroom units and 2 - one bedroom units on the upper levels. The Main floor commercial offers great street exposure and long term leases. Potential for additional storage income.Equipment is all owned, no rentals. Appliances included. Schedule a viewing today

Inclusions: Other,4 Stove,4 Fridge,2 Washer 2 Dryer, Restaurant Chattels,Equipment And Fixtures

Exclusions : All Tenant Belongings

Building Features:

Floor Space: 7412 Square Feet

Property Features:

Bedrooms: 6
Acres Range: < 0.5
Basement: Full, Unfinished
Built in: 1931
Construction Materials: Brick
Cooling: Central Air, Wall Unit(s)
Driveway Parking: Lane/Alley Parking, Outside/Surface/Open
Exterior Features: Controlled Entry, Lighting
Floor Space (approx): 7412 Square Feet
Heating: Baseboard, Electric, Forced Air, Natural Gas
Interior Features: Separate Heating Controls, Separate Hydro Meters
Laundry Features: In-Suite, Other
Lot Features: Irregular Lot, Airport, Ample Parking, Business Centre, City Lot, Near Golf Course, High Traffic Area, Highway Access, Park, Place of Worship, Public Parking, Public Transit, Rec./Community Centre, School Bus Route, Schools
Lot Frontage: 43.67 Feet
Road Frontage Type: Municipal Road
Road Surface Type: Paved
Roof: Flat
Water Source: Municipal
Water Treatment:
Zoning: C1RM2
Sewer: Sewer (Municipal)
No. of Parking Spaces: 3