8
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$1,499,000
Est. payment /mo
4,000 SqFt
Active
173 Queen ST Stratford, ON N5A 4N6
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UPDATED:
01/24/2025 04:56 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $374
MLS Listing ID X11892543
Annual Tax Amount $17,063
Tax Year 2023
Property Description
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!
Location
Province ON
County Perth
Area Perth
Zoning R3
Interior
Cooling No
Exterior
Parking Features Single Detached
Utilities Available Available
Building
Lot Description Lot
Lited by EXP REALTY