- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 40767249
- Photos (37)
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Interest rates are coming down, and this cap-rate is going up! 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. 6.08% 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. One of the 1-bedroom units will be vacating end of September, allowing market rate for new rent
bringing the potential cap rate to 6.66%! 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 Stove,4 Fridge,2 Washer 2 Dryer, 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:
- Sep 08, 2025
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Listed by RE/MAX SOLID GOLD REALTY (II) LTD.
Data was last updated October 26, 2025 at 07:50 PM (UTC)
Area Statistics
- Listings on market:
- 16
- Avg list price:
- $824,450
- Min list price:
- $399,900
- Max list price:
- $6,900,000
- Avg days on market:
- 67
- Min days on market:
- 7
- Max days on market:
- 187
- Avg price per sq.ft.:
- $476.09
These statistics are generated based on the current listing's property type
and located in
15 - Preston. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- 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