Excellent investment opportunity in downtown Stratford! Fully leased, and completely renovated 5 unit multiplex across from Avon Theatre close to major amenities including public transit. Formerly a restaurant, in 2015-16 this building was converted into a 3 units res; 2 unit comm building. Low maintenance and requires no capital improvements. High end finishes throughout entire building including 'hardie' board on back exterior, flooring and fixtures inside. 3 upscale apartments with s/s fridge, stove, dishwasher, individual furnaces & central a/c, on demand water heaters. Coin laundry room. 2 excellent commercial tenants have access to 2 shared public bathrooms. Front and rear entrances/exits. Everything up to code. 6% cap. Viewings will only be considered after acceptable offer. Please do not approach tenants or enter building. Seller would consider a share sale/selling the corporation that owns the building which could be advantageous to buyer and seller. Confidentiality Agreement required for additional info. (id:51648)
| Business Type | Service |
| Business Sub Type | Miscellaneous services |
| MLS® Number | X11911865 |
| Property Type | Retail |
| Community Name | Stratford |
| Amenities Near By | Public Transit |
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 4,395 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Frontage | 38 Ft |
| Size Irregular | 38 Ft ; Irregular |
| Size Total Text | 38 Ft ; Irregular |
| Zoning Description | C3 |
https://www.realtor.ca/real-estate/27776020/116-downie-street-stratford-stratford
Contact us for more information
Matt Den Hollander
Broker
(519) 235-4949
(519) 235-0690
www.rlpheartland.ca/
www.facebook.com/rlpheartland
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®)
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