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$1,625,000
Status: For Sale
Welcome to this exceptional 7-unit investment opportunity in Stratford, Ontario! Priced to attract savvy investors, this property offers an impressive 5.7% 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 7% cash-on-cash return in the first year! Don't miss your chance to seize this prime investment opportunity!
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9394012 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :12 Oct, 2024 (6 Days ago) |
| Source | :TRREB |
| Area | :Perth |
|---|---|
| Postal Code | : N5A 4N6 |
| Price | : $1,625,000 |
|---|---|
| Property Taxes | :$17063.59 |
| Tax Year | :2023 |
|---|
| Cross Street | :Queen St / Albert St |
|---|
12 Oct, 2024
TREB #X9394012
Available
$1625000.0
