Property Details
74 CHURCH Street, Stratford, Ontario, N5A2R2
Sales Representative
BAILE REALTY INC., BROKERAGE
Cell: 519-381-1790
$1,374,900 - For sale
Amazing opportunity for a 6+ unit building on a prime corner in downtown Stratford with 11 parking spots. A+ location just steps from downtown, world class theatre, restaurants, shopping, Shakespearean Gardens and Avon River. This building is ready for the right owner to finish the project, with lots of upside. Recent current appraised value is 1.5M. The building currently has 3 vacant large units (1,386, 1,495 & 1,555 sq ft), each having new plumbing, electrical and drywall stage just finished. You have the opportunity to finish the units how you want! Property is zoned for 6 units. The 2nd phase of your project could be to build 3+ more units beside, as there is space on the property to do so and maximizes value with current zoning. Current design features balcony on the 2nd and 3rd floors overlooking Stratford, and a shared elevator access for current building and future addition once completed. Market rents are estimated at $2,900/unit once completed. There's also opportunity for the right buyer to convert the building into condo's to sell each unit individually. You could do this with all 6 units at once, or do the first 3 and then build the next 3 afterwards. You can make this a great investment opportunity for a high end rental for cashflow with the option of converting to condo's and selling individually. Floor plans available on request. Photos are renderings. (id:2471)
Location DescriptionFrom Erie St., turn West onto St. Patrick and then access to the parking lot will be on the left hand side, just past Church Street.
- Property Address:74 CHURCH Street, Stratford, Ontario, N5A2R2
- Property Type:Multi-family
- Title:Freehold
- Acreage:under 1/2 acre
- Sewage Type:Municipal sewage system
- Water Type:Municipal water
- Structure Style:Triplex
- Building Age:1954
- Bedrooms:6
- Bathrooms:6
- Floor Space:4500
- Heating Type:No heat
- Style:Detached
- Storeys:3
- Basement Type:None
- Foundation Type:Poured Concrete
- Cooling Type:None
- Exterior Type:Brick, Concrete
- Amenities Nearby:Hospital, Schools
Sales Representative
BAILE REALTY INC., BROKERAGE
Cell: 519-381-1790
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 74 CHURCH Street, Stratford, Ontario, N5A2R2
- Neighbourhood Information
74 CHURCH Street, Stratford, Ontario, N5A2R2
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