ON > Stratford > Stratford
Stratford, ON N5A 2R7,263 CHURCH ST
Stratford, ON N5A 2R7,263 CHURCH ST
Stratford, ON N5A 2R7,263 CHURCH ST
Stratford, ON N5A 2R7,263 CHURCH ST
Stratford, ON N5A 2R7,263 CHURCH ST
Stratford, ON N5A 2R7,263 CHURCH ST
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 1,990,000
Est. payment | /mo

4,500 SqFt

Save
$ 1,990,000
Est. payment | /mo
Save

4,500 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $442

Subdivision Stratford

MLS Listing ID X12225545

Annual Tax Amount $24,685

Tax Year 2025

Property Sub-Type Investment

Property Description

TURN-KEY 11-PLEX RESIDENTIAL APARTMENT BUILDING IN EXCEPTIONAL CONDITION. PRIDE OF OWNERSHIP IS CLEARLY EVIDENT THROUGHOUT THIS MULTI-PLEX. GROSS ANNUAL INCOME $207,216 MINUS THE EXPENSES OF $63,424= $143,792 NET INCOME. RECENT CAPITAL IMPROVEMENTS: 50 YEAR FIBERGLASS REINFORCED SHINGLES, NEWER PARKING LOT, CONCRETE PAD AT MAIN ENTRANCE, CONCRETE WALKWAYS, STEPS AND PORCH AREAS, HALLWAY FLOOR COVERINGS, 3RD FLOOR DORMER WINDOWS. BUILDING IS INSPECTED ANNUALLY BY STRATFORD FIRE DEPARTMENT. BUILDING MEETS ALL CODE REQUIREMENTS, ALARM SYSTEM IS SUPPLIED BY FOREST CITY FIRE PROTECTION AND IS INSPECTED BY THEM EACH YEAR. TENANTS PAY HYDRO-SEPARATE UNITE METERS; LANDLORD PAYS HEAT AND WATER; UNITS 5 AND 6 SHARE A WATER METER. ACCORDINGLY, LANDLORD PAYS THE HYDRO FOR THESE TWO UNITS. BUILDING IS HEATED WITH NATURAL GAS; TWO STAGES VIESMAN BOILERS; HOT WATER SUPPLIED BY ONE GAS WATER HEATER; ALL LEASES ARE 2 YEARS; LANDLORD USES LPMA LEASES AND RENT CHECK CORP FOR SCREENING; RENT DISCOUNT WHEN RET IS PAID ON DUR DATE: $25-#11, 2% ON ALL OTHERS. COMPLEX IS NESTLED IN MATURE OLD SOUTH REGION OF STRATFORD. SELLER FINANCING MAY BE AVAILABLE TO QUALIFIED BUYERS.

Location

Province ON

County Perth

Community Stratford

Area Perth

Zoning R3-2

Rooms

Kitchen 0

Interior

Cooling No

Exterior

Community Features Recreation/Community Centre, Public Transit

Utilities Available Yes

Lot Frontage 95.83

Lot Depth 160.86

Building

Lot Description Irregular Lot

New Construction false

Listed by Century 21 First Canadian Corp
agent-avatar

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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263 CHURCH ST

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