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$ 1,399,900
Est. payment | /mo
990 SqFt
$ 1,399,900
Est. payment | /mo
990 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 990 sqft
Price per Sqft $1,414
Subdivision Stratford
MLS Listing ID X12383877
Annual Tax Amount $12,355
Tax Year 2024
Property Sub-Type Investment
Property Description
An exciting investment opportunity in the heart of Stratford! 156 Albert Street offers the chance to transform an existing commercial building into a 12-unit residential apartment building. Plans call for a full renovation and second-storey addition, resulting in twelve modern two-bedroom apartments.This property makes a fantastic option for those looking to take on a project and develop a strong cash-flowing multi-residential asset. Much of the tedious upfront work has already been completed including design and applications with only final site plan approval remaining.The asking price includes the land, existing building, and prepared plans. Buyer will be responsible for completing the build and covering construction, permit, and development costs.Perfectly located within Stratfords vibrant downtown core, future tenants will enjoy walkability to shops, dining, theatres, and transit ensuring ongoing rental demand. Opportunities of this scale and location are rarely available in Stratfords downtown core.
Location
Province ON
County Perth
Community Stratford
Area Perth
Zoning C3-11
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 118.0
Lot Depth 104.9
Others
ParcelsYN No
Listed by Coldwell Banker Homefield Legacy Realty
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.