270 Ontario Street Stratford, Ontario N5A 3H5
$3,350,000
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! (id:19173)
Property Details
| MLS® Number | 40585398 |
| Property Type | Office |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
Building
| Basement Type | Full |
| Exterior Finish | Brick, Other |
| Foundation Type | Poured Concrete |
| Stories Total | 2 |
| Size Exterior | 9988.0000 |
| Size Interior | 9988 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 144 Ft |
| Size Frontage | 115 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/26866119/270-ontario-street-stratford
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 09 2024 01:45:38
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp., Brokerage