Welcome to this exceptional 7-unit investment opportunity in Stratford, Ontario! Priced to attract savvy investors, this property offers an impressive 6% 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 8.8% cash-on-cash return in the first year! Don't miss your chance to seize this prime investment opportunity! (id:4069)
| Address |
173 QUEEN STREET |
| List Price |
$1,550,000 |
| Property Type |
Multi-family |
| Type of Dwelling |
Multi-Family |
| Area |
Ontario |
| Sub-Area |
Stratford |
| Floor Area |
4,000 Sq. Ft. |
| Lot Size |
47.8 x 119 FT Sq. Ft. |
| MLS® Number |
X9394012 |
| Listing Brokerage |
EXP REALTY
|
| Postal Code |
N5A4N6 |
| Zoning |
R3 |
