LOADING

220 Albert Street Stratford, Ontario N5A 3K6

6 Bedroom 3 Bathroom 2977
Wall Unit Forced Air

$849,900

This solid 2.5 story brick building with great appeal is housing three vacant residential units ( 3 brs, 2 brs and large one bedroom) and provides an opportunity to set up your own rents and choice of your own tenants as well as it does allow any necessary renovations or upgrades to increase the rental potential. Ample parking is a magnificent advantage, especially so close to City core. This feature can make your property more attractive to potential renters. With the units vacant, you can have the flexibility to adjust the rents to current market rates potentially increasing your revenue. You can also implement rental policies that will align with your management style and goals. Vacant units will allow you to analyze the local rental market to determine competitive rental rates and what features the tenants in the area value the most. This way you can implement a thorough tenant screening process to ensure you select reliable and responsible tenants. This property has a strong potential, especially with its solid construction and parking viability. With the right approach, it can be a profitable investment ensuring the rental income will cover your expenses and will provide a reasonable return on the investment. You will have time to decide if you will manage the property yourself or hire a professional property management company that can save time and ensure the property is maintained properly. and take steps to maximize the property potential. Separate water and hydro meters.Take advantage of this unique opportunity. Call your REALTOR® today to view it and to make an offer on it before it is gone. (id:51300)

Property Details

MLS® Number 40586738
Property Type Multi-family
Amenities Near By Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features Quiet Area, School Bus
Features Southern Exposure, Conservation/green Belt, Paved Driveway, Crushed Stone Driveway
Parking Space Total 5
Structure Porch

Building

Bathroom Total 3
Bedrooms Total 6
Appliances Water Softener
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type Wall Unit
Exterior Finish Brick
Fire Protection Security System
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 2977
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Fence Type Fence
Land Amenities Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 105 Ft
Size Frontage 53 Ft
Size Total Text Under 1/2 Acre
Zoning Description R-3

https://www.realtor.ca/real-estate/26902904/220-albert-street-stratford

Liz Serec
Salesperson

(519) 272-9350
(519) 273-4202
www.stratfordhomes.ca/

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