- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 40727467
- Photos (37)
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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!
- Property Type:
- Commercial Sale
- Property SubType:
- Mixed, Building and Land
- Year built:
- 1931 (Age: 94)
- Listing General Location:
- 52 - Preston North, 15 - Preston
- Bedrooms:
- 0
- Bathrooms:
- - (Full:-/Half:-)
- Lot Details:
- 43.67 x
- Lot Frontage:
- 43'8"
- Lot Shape:
- 47.82ftx1.25ftx47.38x43.67ftx145.29ftx16.03ftx50.0
- Kitchens:
- 0
- County Or Parish:
- Waterloo
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Construction:
- Brick, Block, Concrete
- Basement:
- Full
- Foundation:
- Poured Concrete
- Number of Storeys:
- 2
- Total Floor Area:
- 7,412 sq. ft.
- Fireplace:
- false
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- 4 Stoves, 4 Fridges, 2 Washers, 2 Dryers, Restaurant Chattels, Equipment And Fixtures.
- All Tenant Belongings
- High Speed Internet
- false
- No
- Fountain to King St E
- No
- Alarm System, Carbon Monoxide Detector(s)
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Zoning:
- C1RM2
- Utilities:
- Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
- Lot Site Features:
- Irregular Lot, Airport, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Schools, Visual Exposure
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Parking:
- Asphalt, Public
- Road Frontage Type:
- Municipal Road
- Road Surface Type:
- Paved
- # Commercial Doors:
- 0
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Listed Date:
- May 13, 2025
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Listed by RE/MAX SOLID GOLD REALTY (II) LTD.
Data was last updated May 20, 2025 at 01:50 PM (UTC)
Area Statistics
- Listings on market:
- 10
- Avg list price:
- $874,500
- Min list price:
- $579,000
- Max list price:
- $2,100,000
- Avg days on market:
- 20
- Min days on market:
- 6
- Max days on market:
- 120
- Avg price per sq.ft.:
- $294.39
These statistics are generated based on the current listing's property type
and located in
15 - Preston. Average values are
derived using median calculations.
- CHRIS GEHL
- RE/MAX SOLID GOLD REALTY
- 1 (226) 3386840
- Contact by Email
RE/MAX Solid Gold Realty
Office Address:
180 Weber Street South
Waterloo, ON, N2J 2B2