4000 sqft
Other
$1,550,000
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! (id:51300)
Business
BusinessType | Residential |
BusinessSubType | Apartments |
Property Details
MLS® Number | X9394012 |
Property Type | Multi-family |
Building
HeatingFuel | Natural Gas |
HeatingType | Other |
SizeInterior | 4000 Sqft |
Type | Multi-family |
UtilityWater | Municipal Water |
Land
Acreage | No |
SizeDepth | 119 Ft |
SizeFrontage | 47 Ft ,9 In |
SizeIrregular | 47.8 X 119 Ft |
SizeTotalText | 47.8 X 119 Ft |
ZoningDescription | R3 |
https://www.realtor.ca/real-estate/27535421/173-queen-street-stratford