173 Queen Street, Stratford | Image 1

173 Queen Street

Stratford

  • Commercial

$1,550,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: R3

  • Age: No Data

  • Taxes: 17063.59

  • MLS®#: X9394012

  • Days on Site: 27 Days

  • Added: Oct 11, 2024 (1 month ago)

  • Updated:

  • Last Checked: 15 hours ago

  • Listed By: EXP REALTY

Welcome to this exceptional 7-unit investment opportunity in Stratford, Ontario! Priced to attract savvy investors, this property offers an impressive 6% cap rate and potential for further upside. Situated in a quiet residential area, but within a short drive to downtown. The building and mechanical systems have been meticulously maintained, with annual fire prevention and compliance checks already completed. With an average rent of over $1,700 per unit investors can take advantage of lucrative purchase options through CMHC standard financing, with an estimated 8.8% cash-on-cash return in the first year! Don't miss your chance to seize this prime investment opportunity!

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Stratford

  • Availability Date: TBD

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Available

Building

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Single Detached

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 105 PL 47 STRATFORD AS IN R341938 ; STRATFORD

  • Taxes: $17,064

  • Taxes Type: Annual

Land

  • Cross Street: Queen St / Albert St

  • Municipality District: Stratford

  • Lot Depth: 119 Feet

  • Lot Frontage: 47.8 Feet

  • Zoning: R3

Commercial Specific

  • Total Area: 4000

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

Map of 173 Queen Street, Stratford
JK-6

Romeo Public School

Elementary: Public
0.68 km
JK-6

Shakespeare Public School

Elementary: Public
1.41 km
7-8

Stratford Central Public School

Elementary: Public
1.35 km
JK-8

Jeanne Sauvé Catholic School

Elementary: Catholic
0.80 km
JK-8

Anne Hathaway Public School

Elementary: Public
1.41 km
JK-6

Bedford Public School

Elementary: Public
1.33 km
9-12

Mitchell District High School

Secondary: Public
21.22 km
9-12

St Marys District Collegiate and Vocational Institute

Secondary: Public
18.32 km
9-12

Stratford Central Secondary School

Secondary: Public
1.35 km
9-12

St Michael Catholic Secondary School

Secondary: Catholic
2.68 km
9-12

Stratford Northwestern Secondary School

Secondary: Public
2.43 km
Pre-Grade 9-12

Waterloo-Oxford District Secondary School

Secondary: Public
22.93 km
20 Monteith Avenue, Stratford | MLS: X9045441
For Sale
4 months ago
$1,299,900
  • 2 bath
  • 0 bed

20 Monteith Avenue, Stratford, Ontario • N5A 2P4 • Stratford