514 Erie Street, Stratford | Image 1

514 Erie Street

Stratford, Stratford

  • 7 bed 8 bath
$1,250,000 est.*: $4,235/mo
For Sale

Added 1 month ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Lot Size: 69 x 132 Feet

  • Age: 100+ years

  • Taxes: $6,750 per year

  • Days on Site: 11 Days

  • Added: Mar 04, 2025 (1 month ago)

  • Updated:

  • Last Checked: 1 month ago

  • MLS®#: X11999223

  • Listed By: Streetcity realty inc.

EXCELLENT INVESTMENT OPPORTUNITY! Six-plex multi-family dwelling located in a good location on a city bus route and Highway #7 (to London). Largest front apartment is currently vacant so buyers can set their own rent or occupy unit themselves. Building was originally a single family home built in 1880 but was rebuilt in the eighties and an addition was added at rear which houses the four one-bedroom units. The front half of the roof was done in 2023, but the sellers are not aware of the age of the back half of the building. Boiler was replaced in 2024 but sellers have no knowledge of age of the furnace. The property was owned by their father's company. He is now deceased and his son and daughter are now the owners. There are six parking spaces, two on the northerly side of building and four on the southerly side. There is a common laundry area with coin-operated washer and dryer. The large front unit has its own laundry hook-ups but there is no washer or dryer included with this unit. All six units include a stove and refrigerator. There are four one-bedroom units with a four-piece bath, all located at the rear of the building in a more recent addition to the original building. There is a two-storey two-bedroom unit with one four-piece bath and one two-piece bath located at the northerly side and a two-storey three-bedroom unit with one four-piece bath and one-two-piece bath located at the front. The side and front units also have basement access and are partially finished. The two larger units are located in the original home but have been updated. Please note that the square footages set out in this listing are an estimate as the sellers have no plans setting out exact measurements.

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Age: 100+

  • Area: Stratford

  • Community: Stratford

  • Availability Date: 30

  • Assessment Amount: $417,000

  • Assessment Year: 2024

Inside

  • Bedrooms: 7

  • Bedrooms Plus: 2

  • Bathrooms: 8

  • Kitchens: 4

  • Kitchens Plus: 2

  • Rooms: 15

  • Den/Family Room: No

  • Air Conditioning: None

  • Fireplace: No

  • Laundry Level: Lower

  • Central Vacuum: N

  • Washrooms: 8

Building

  • Basement: Unfinished

  • Heat Type: Water

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Elevator: N

  • UFFI: No

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply Type: Artesian Wel

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

  • Special Designation: Unknown

  • Retirement: N

Parking

  • Garage Type: None

  • Covered Parking Spaces: 6

  • Total Parking Spaces: 6

Fees

  • Tax Year: 2024

  • Tax Legal Description: Lot 358 and Part of Lot 359, Plan 41, designated as PART 1, RP44

  • Taxes: $6,750

Land

  • Cross Street: Between West Gore St

  • Municipality District: Stratford

  • Fronting On: West

  • Parcel Number: 531450078

  • Parcel of Tied Land: N

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 132 Feet

  • Lot Frontage: 69 Feet

  • Acres: .50-1.99

  • Zoning: C2

  • Waterfront: None

Open House

  • Open House Date: 2025-03-15

  • Open House Start: 10:00:00

  • Open House Finished: 12:00:00

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Somewhat Walkable

  • Some errands can be accomplished on foot.
69 /100

Very Bikeable

  • Most errands can be accomplished on bike.
75 /100
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Map of 514 Erie Street, Stratford
JK-8

St Joseph Separate School

Elementary: Catholic
0.48 km
JK-6

Shakespeare Public School

Elementary: Public
0.89 km
JK-8

Hamlet Public School

Elementary: Public
0.59 km
JK-8

St Ambrose Separate School

Elementary: Catholic
0.84 km
7-8

Stratford Central Public School

Elementary: Public
1.38 km
JK-6

Avon Public School

Elementary: Public
1.69 km
9-12

Mitchell District High School

Secondary: Public
20.41 km
9-12

St Marys District Collegiate and Vocational Institute

Secondary: Public
16.10 km
9-12

Stratford Central Secondary School

Secondary: Public
1.38 km
9-12

St Michael Catholic Secondary School

Secondary: Catholic
2.95 km
9-12

Stratford Northwestern Secondary School

Secondary: Public
2.75 km
Pre-Grade 9-12

Waterloo-Oxford District Secondary School

Secondary: Public
25.01 km

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