Sean Kim
Broker
$1,499,000
Available - For Sale
Listing ID: X11892543
173 Queen St , Stratford, N5A 4N6, Ontario
| 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! |
| Price | $1,499,000 |
| Taxes: | $17063.59 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 173 Queen St , Stratford, N5A 4N6, Ontario |
| Postal Code: | N5A 4N6 |
| Province/State: | Ontario |
| Legal Description: | PT LT 105 PL 47 STRATFORD AS IN R341938 |
| Lot Size: | 47.80 x 119.00 (Feet) |
| Directions/Cross Streets: | Queen St / Albert St |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 4000.00 |
| Total Area Code: | Sq Ft |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | N |
| Water: | Municipal |
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Sean Kim
Broker
Dir:
416-998-1113
Bus:
905-270-2000
Fax:
905-270-0047
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Perth |
| Municipality: | Stratford |
| Lot Size: | 47.80 x 119.00(Feet) |
| Tax: | $17,063.59 |
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