Rates are coming down and this cap-rate is going up! Currently operating at a
6.88% cap-rate with market potential closer to 8.73% - 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, 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. 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 todayMore details
Situated in Stanley Park close to schools, transit, shopping, and the expressway, you won’t want to miss this duplex offering over 1860 sq ft above grade with 6 parking spaces and a heated 287 sq ft workshop/studio space that could be converted back into a garage.
This is a property that will give you a place to call home now and an investment opportunity for your future.
Laid out over 2 and a half stories on a 43 x 120-foot lot, this property offers 5 bedrooms, 2 bathrooms and loads of indoor and outdoor space to enjoy.
Rent out or move into the vacant, renovated 2-bedroom main-floor space and receive steady income from the upper 3-bedroom unit.
This property has a bonus main floor workshop space that could be your art studio or additional rental income.
Meticulously poured concrete parking offers 4 parking spaces beside the house and 2 more at the back; you may consider renting a couple of spots to the neighbours in the future.
If you love the character and charm of the 1930s Arts and Crafts era homes, this property has beautiful built-in storage, accented by hardwood floors, and granite in the main floor unit. The roof was replaced in 2012, all wiring and windows have been updated. Tenants pay their own hydro. This is a low-maintenance property that can generate a little extra income while you enjoy a great location for lawn darts, bonfires, and entertaining this summer.More details