$1,449,999

Investment For Sale In Central Park, Cambridge, Ontario

$1,449,999

Property Information:

PRICE DROP!! Now offering just under 7% CAP RATE - 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. A well maintained 7,412 sqft mixed-use building with quality, long term residential and commercial tenants makes this 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 today (id:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Unfinished
  • Basement Type: Full
  • Exterior Finish:
  • Foundation Type: Poured Concrete
  • Heating Type: Baseboard heaters, Forced air
  • Heating Fuel: Electric, Natural gas
  • Cooling Type: Central air conditioning, Wall unit

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 4
  • Access Type: Road access, Highway access
  • Amenities Nearby: Airport, Golf Nearby, Hospital, Park, Public Transit, Schools
  • Built in: 1931
  • Community Features: High Traffic Area, Community Centre, School Bus
  • Lot Frontage: 44 Feet
  • Zoning: C1RM2
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX SOLID GOLD REALTY (II) LTD.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.