For Sale

173 Queen Street, Stratford, Ontario N5A4N6

$1,550,000

173 Queen Street, Stratford, Ontario N5A4N6 is For Sale and has a listing price of 1,550,000. The property is located in the Stratford neighbourhood. It's been on the website for 31 Days.

  • Multi-family
    Property Type
  • Multi-family
    Building Type
  • MLS ID: X9394012
  • Office Name EXP REALTY
Property Description

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:43137)

Property Details
  • MLS ID: X9394012
  • Price: $1,550,000
  • Transaction Types: For Sale
  • Ref ID: 27535421
  • Year Built: N/A
  • Building Type: Multi-family
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
10/11/2024 X9394012 $1,550,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Stratford
  • $789,010 Average List Price
    based on 1 year
  • 75 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 141.59 % Up
  • Sold (12mo) 30
  • Rented (12mo) 7

  • 1 Month Change -15.2%
  • 3 Month Change -15.5%
  • 6 Month Change -28.7%
Walkscore
  • 83 Walk Score
    Very Walkable
  • 94 Bike Score
    Biker's Paradise
Property Type Distribution
  • All Houses
    70.78%
  • Commercial
    13.73%
  • Condo
    14.77%
  • Land for Sale
    0.73%
Additional Details
  • Heat Source Natural Gas
  • Heating System Other
  • Water Municipal Water
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 11/10/2024 00:00:00
  • Zoning Rc1
  • Agent Name: ANDREW ODOARDI
  • Last Updated: 08/11/2024 14:22:57
Open House Dates
  • 1. 16/11/2024 (Start time: 1:00 PM - End time: 2:30 PM)
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