173 Queen Street Stratford, Ontario N5A 4N6
$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:50886)
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
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Contact us for more information
Andrew Odoardi
Salesperson
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November 08 2024 02:22:57
Toronto Real Estate Board
Exp Realty