FOR SALE
$1,399,900
15 Mcwilliams, Cambridge, ON, N1P 0A9
3+1
4
2500-3000
About the Property
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.
Features
About the Property
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.
Features
Property Details
MLS#:
X13090718
Status:
For Sale
Property Type:
Multiplex
Central A/C:
No
Bedrooms:
6
Heating Fuel:
Forced Air
Bathrooms:
7
Heating Type:
Forced Air
Parking:
3 Spots
Cross Street:
westminster
Basement:
Full, Unfinished
Property Details
MLS#:
X13090718
Status:
For Sale
Property Type:
Multiplex
Central A/C:
No
Bedrooms:
6
Heating Fuel:
Forced Air
Bathrooms:
7
Heating Type:
Forced Air
Parking:
3 Spots
Cross Street:
westminster
Basement:
Full, Unfinished
Maintenance:
Exterior:
Brick
Possession Date:
Presented By:
RE/MAX Solid Gold Realty (II) Ltd
Maintenance:
Exterior:
Brick
Possession Date:
Presented By:
RE/MAX Solid Gold Realty (II) Ltd