116 Downie Street Stratford, Ontario N5A 1X1
$1,400,000
Excellent investment opportunity in downtown Stratford! Fully leased, and completely renovated 5 unit multiplex across from Avon Theatre close to major amenities including public transit. Formerly a restaurant, in 2015-16 this building was converted into a 3 units res; 2 unit comm building. Low maintenance and requires no capital improvements. High end finishes throughout entire building including 'hardie' board on back exterior, flooring and fixtures inside. 3 upscale apartments with s/s fridge, stove, dishwasher, individual furnaces & central a/c, on demand water heaters. Coin laundry room. 2 excellent commercial tenants have access to 2 shared public bathrooms. Front and rear entrances/exits. Everything up to code. 6% cap. Viewings will only be considered after acceptable offer. Please do not approach tenants or enter building. Seller would consider a share sale/selling the corporation that owns the building which could be advantageous to buyer and seller. Confidentiality Agreement required for additional info. (id:57975)
Business
| Business Type | Service |
| Business Sub Type | Miscellaneous services |
Property Details
| MLS® Number | X11911865 |
| Property Type | Retail |
| Community Name | Stratford |
| Amenities Near By | Public Transit |
Building
| Appliances | Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 4,395 Ft2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Frontage | 38 Ft |
| Size Irregular | 38 Ft ; Irregular |
| Size Total Text | 38 Ft ; Irregular |
| Zoning Description | C3 |
https://www.realtor.ca/real-estate/27776020/116-downie-street-stratford-stratford
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January 07 2025 09:57:59
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