42-50 Stratford Street, Stratford | Image 1

42-50 Stratford Street

Stratford, Stratford

  • Commercial

$1,200,000
For Sale

Added 2 days ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: R3

  • Age: No Data

  • Taxes: 20356

  • MLS®#: X11952871

  • Added: Feb 03, 2025 (2 days ago)

  • Updated:

  • Last Checked: 47 minutes ago

  • Listed By: MYSAK REALTY INC.

Centrally located 8-plex featuring 4 spacious one-bed and 4 well-appointed two-bed units. Recently upgraded with a brand-new roof (September 2024), boasting a 10-year workmanship warranty and a 50-year manufacturer warranty for peace of mind. Each unit is fully self-contained with its own furnace, hot water tank, and separate meters for gas, hydro, and water, making it a hassle-free investment where tenants pay all utilities. Tremendous potential for rental increases upon tenant turnover, with many units renovated in the past 5 years. 1 unit is currently vacant and ready for a new tenant, opportunity knocks!

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Stratford

  • Community: Stratford

  • Availability Date: Flex

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: Lot 148 Part Lot 149, Plan 55 subject to right of way across the

  • Taxes: $20,356

  • Expenses: Est

  • Insurance Fee: 6135

  • Hydro Expense: 557

  • Taxes Type: Annual

  • Taxes: 20356

  • Tax Year: 2024

  • Water Fees: 504

Land

  • Cross Street: Erie St/St David St

  • Municipality District: Stratford

  • Parcel Number: 531150089

  • Lot Depth: 110.5 Feet

  • Lot Frontage: 96.18 Feet

  • Zoning: R3

Commercial Specific

  • Total Area: 10710

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

  • Building Percent: 60

  • Gross Income/Sales: 102300

Map of 42-50 Stratford Street, Stratford
JK-6

Romeo Public School

Elementary: Public
0.69 km
JK-6

Shakespeare Public School

Elementary: Public
0.37 km
JK-8

Hamlet Public School

Elementary: Public
0.51 km
JK-8

St Ambrose Separate School

Elementary: Catholic
0.86 km
7-8

Stratford Central Public School

Elementary: Public
0.66 km
JK-8

Jeanne Sauvé Catholic School

Elementary: Catholic
0.58 km
9-12

Mitchell District High School

Secondary: Public
20.58 km
9-12

St Marys District Collegiate and Vocational Institute

Secondary: Public
17.04 km
9-12

Stratford Central Secondary School

Secondary: Public
0.66 km
9-12

St Michael Catholic Secondary School

Secondary: Catholic
2.47 km
9-12

Stratford Northwestern Secondary School

Secondary: Public
2.23 km
Pre-Grade 9-12

Waterloo-Oxford District Secondary School

Secondary: Public
24.21 km
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