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173 Queen Street Stratford, Ontario N5A 4N6

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

Andrew Odoardi
Salesperson


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