Welcome to this exceptional 7-unit investment opportunity in Stratford, Ontario! Priced to attract savvy investors, this property offers an impressive 6% cap rate and potential for further upside. Situated in a quiet residential area, but within a short drive to downtown. The building and mechanical systems have been meticulously maintained, with annual fire prevention and compliance checks already completed. With an average rent of over $1,700 per unit investors can take advantage of lucrative purchase options through CMHC standard financing, with an estimated 8.8% cash-on-cash return in the first year! Don't miss your chance to seize this prime investment opportunity! (id:374)
MLS# | X9394012 |
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Listing Type | For Sale |
Style | Town House |
Status | Active |
Days On Site | 29 |
Listing Provided By | EXP REALTY | ANDREW ODOARDI |
SQ Feet | 4,000 |
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Zoning | R3 |
Province | ON |
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City | Stratford |
Postal Code | N5A4N6 |
Listing VS Median (in N5A4N6) | |
Price: $1,550,000 low | high Med: $1,550,000 SqFt: 4,000 low | high Med: 4,000 $ / SqFt: $388 low | high Med: $388 On Site: 29 low | high Med: 29.000000 |