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$3,350,000
Status: For Sale
Welcome to Your Next Investment Opportunity! This 9-plex in downtown Stratford is the perfect blend of location, versatility, and income potential. Located right on the main road into downtown Stratford, this property puts you at the heart of the city's exciting scene. Take a casual walk and you'll find yourself by the beautiful Avon River and the renowned Tom Patterson Theatre. It's the perfect spot for anyone looking to dive into urban living at its best! This mixed use 9-plex is composed of seven residential units, including three with two bedrooms and four with one bedroom. Three of these units were tastefully renovated in 2017, ensuring a modern and attractive living experience. The two additional commercial spaces open the door to a variety of business opportunities, from legal and medical offices to boutique shops and creative studios. Each unit features its own separate meters and laundry facilities, providing both tenants and landlord with enhanced convenience and privacy. Currently generating a gross income of $140,000 with the potential to reach over $180,000 at current market rates, this property offers a lucrative investment with room to grow!
| Property Type | :Commercial |
|---|---|
| MLS Number | :X8382172 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :29 May, 2024 (142 Days ago) |
| Source | :TRREB |
| Area | :Perth |
|---|---|
| Postal Code | : N5A 3H5 |
| Price | : $3,350,000 |
|---|---|
| Property Taxes | :$15543.91 |
| Tax Year | :2023 |
|---|
| Cross Street | :Ontario St And Front St |
|---|
29 May, 2024
TREB #X8382172
Available
$3350000.0
