Welcome to this exceptional 7-unit investment opportunity with a 6.3% Cap Rate at entry! Situated in a quiet residential area of Stratford, it boasts an average rent of over $1,700 per unit. Recent turnover has been enhanced by minor cosmetic updates, increasing its appeal. The building and mechanical systems have been meticulously maintained, with annual fire prevention and compliance checks already completed. Investors can take advantage of lucrative purchase options through CMHC standard financing, with an estimated 10.6% 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
$1,499,000
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
X11892543
Listing Brokerage
EXP REALTY
Postal Code
N5A4N6
Zoning
R3
