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$1,499,999
Available - For Sale
Listing ID: X11948596
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
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $74,999.95 $149,999.9 $224,999.85 $299,999.8
First Mortgage $1,424,999.05 $1,349,999.1 $1,274,999.15 $1,199,999.2
CMHC/GE $39,187.47 $26,999.98 $22,312.49 $0
Total Financing $1,464,186.52 $1,376,999.08 $1,297,311.64 $1,199,999.2
Monthly P&I $6,271 $5,897.58 $5,556.29 $5,139.5
Expenses $0 $0 $0 $0
Total Payment $6,271 $5,897.58 $5,556.29 $5,139.5
Income Required $235,162.4 $221,159.26 $208,360.69 $192,731.38

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX Solid Gold Realty (II) Ltd

660 King Stre East , Cambridge, N3H 3N6, Waterloo

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Waterloo
Municipality: Cambridge
Neighbourhood: Dufferin Grove
Style: 2-Storey
Lot Size: x 145.29(Feet)
Approximate Age: 51-99
Tax: $11,618.2
Maintenance Fee: $0
Beds: 6
Baths: 7
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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