173 Queen St - Apartments FOR SALE


Stratford, ON N5A 4N6
$1,499,000 CAD
866-530-7737

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$1,499,000 CAD
Apartments - FOR SALE
null | 6.3% Cap Rate

173 Queen St
Stratford, ON N5A 4N6


HIGHLIGHTS

  • Quiet Residential Area
  • Well maintained building
  • 7 Unit multi family property

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,499,000 CAD

PRICE/SF

$375 CAD /SF

# OF UNITS

7

PRICE/UNIT

$214,143

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,124 SF

ZONING

R3

APN/PARCEL ID

311104006004400

ASK ABOUT THIS PROPERTY

Andrew OdoardieXp RealtyMore Info
866-530-7737

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Andrew OdoardieXp RealtyMore Info
866-530-7737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.