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Jeff Somlo

jeffsomlo@bhhstoronto.ca +1(647) 998-3693

$ 1,499,000

Est. payment -/mo

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Active

173 Queen ST Stratford, ON N5A 4N6

4,000 SqFt

UPDATED:

12/13/2024 10:57 PM

Key Details

Property Type Commercial

Sub Type Investment

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

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Utilities Available Available

Lot Depth 119.0

Listed by EXP REALTY

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Jeff Somlo

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+1(647) 998-3693

Jeff Somlo

173 Queen ST Stratford, ON N5A 4N6

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