4000 sqft
Other
$1,625,000
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! (id:50976)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
|
MLS® Number
|
X9394012 |
|
Property Type
|
Multi-family |
Building
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Other |
|
Size Interior
|
4000 Sqft |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
119 Ft |
|
Size Frontage
|
47 Ft ,9 In |
|
Size Irregular
|
47.8 X 119 Ft |
|
Size Total Text
|
47.8 X 119 Ft |
|
Zoning Description
|
R3 |
https://www.realtor.ca/real-estate/27535421/173-queen-street-stratford
