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:56069)
| BusinessType | Residential |
| BusinessSubType | Apartments |
| MLS® Number | X11892543 |
| Property Type | Multi-family |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeInterior | 4000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 119 Ft |
| SizeFrontage | 47 Ft ,9 In |
| SizeIrregular | 47.8 X 119 Ft |
| SizeTotalText | 47.8 X 119 Ft |
| ZoningDescription | R3 |
https://www.realtor.ca/real-estate/27737095/173-queen-street-stratford
Contact us for more information
Andrew Odoardi
Salesperson
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