173 Queen Street Stratford, Ontario N5A 4N6
$1,499,000
Welcome to this exceptional 7-unit investment opportunity with a 6.3% Cap Rate at entry! Situated in a quiet residential area of Stratford, it boasts an average rent of over $1,700 per unit. Recent turnover has been enhanced by minor cosmetic updates, increasing its appeal. The building and mechanical systems have been meticulously maintained, with annual fire prevention and compliance checks already completed. Investors can take advantage of lucrative purchase options through CMHC standard financing, with an estimated 10.6% cash-on-cash return in the first year. Don't miss your chance to seize this prime investment opportunity! (id:35492)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X11892543 |
| Property Type | Multi-family |
Building
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 4,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 119 Ft |
| Size Frontage | 47 Ft ,9 In |
| Size Irregular | 47.8 X 119 Ft |
| Size Total Text | 47.8 X 119 Ft |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/27737095/173-queen-street-stratford
Contact Us
Contact us for more information
Andrew Odoardi
Salesperson
www.theshellbrookteam.com/
www.facebook.com/andrew.odoardi.3/
4711 Yonge St 10th Flr, 106430
Toronto, Ontario M2N 6K8
(866) 530-7737
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December 13 2024 11:36:38
Toronto Regional Real Estate Board
Exp Realty