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173 QUEEN STREET
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173 QUEEN STREET $1,550,000
$1,550,000
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173 QUEEN STREET
Stratford, Ontario N5A4N6

MLS® Number: X9394012

Listing Description

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! (36929433)

Location Description

Queen St / Albert St

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Land Size
47.8 x 119 FT
Annual Property Taxes
$17,063.59
Time on REALTOR.ca
40 days

Building

Heating & Cooling
Heating Type
Other (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)

Measurements

Square Footage
4000 sqft

Land

Lot Features
Frontage
47 ft ,9 in
Land Depth
119 ft
Other Property Information
Zoning Description
R3
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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