173 Queen Street, Stratford | Image 1

173 Queen Street

Stratford

  • Commercial

$1,499,000
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®#: X11892543

  • Days on Site: 42 Days

  • Added: Dec 13, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: EXP REALTY

Welcome to this exceptional 7-unit investment opportunity with a 6.3% Cap Rate at entry! Situated in a quiet residential area of Stratford, it boasts an average rent of over $1,700 per unit. Recent turnover has been enhanced by minor cosmetic updates, increasing its appeal. The building and mechanical systems have been meticulously maintained, with annual fire prevention and compliance checks already completed. Investors can take advantage of lucrative purchase options through CMHC standard financing, with an estimated 10.6% 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
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