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