$1,550,000
173 Queen ST Stratford, ON N5A 4N6
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$1,550,000
Est. payment /mo
4,000 SqFt
Price Dropped by $75K
173 Queen ST Stratford, ON N5A 4N6
UPDATED:
11/04/2024 09:22 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $387
MLS Listing ID X9394012
Annual Tax Amount $17,063
Tax Year 2023
Property Description
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!
Location
Province ON
County Perth
Interior
Cooling No
Exterior
Utilities Available Available
Parking Type Single Detached
Listed by EXP REALTY
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