74 CHURCH Street

Multi-family For Sale in Stratford, Ontario

  • 6 Beds
  • 6 Baths
  • 4,500 Sq. Ft.
  • Built 1954
Amazing opportunity for a 6+ unit building on a prime corner in downtown Stratford with 11 parking spots. A+ location just steps from downtown, world class theatre, restaurants, shopping, Shakespearean Gardens and Avon River. This building is ready for the right owner to finish the project, with lots of upside. Recent current appraised value is 1.5M. The building currently has 3 vacant large units (1,386, 1,495 & 1,555 sq ft), each having new plumbing, electrical and drywall stage just finished. You have the opportunity to finish the units how you want! Property is zoned for 6 units. The 2nd phase of your project could be to build 3+ more units beside, as there is space on the property to do so and maximizes value with current zoning. Current design features balcony on the 2nd and 3rd floors overlooking Stratford, and a shared elevator access for current building and future addition once completed. Market rents are estimated at $2,900/unit once completed. There's also opportunity for the right buyer to convert the building into condo's to sell each unit individually. You could do this with all 6 units at once, or do the first 3 and then build the next 3 afterwards. You can make this a great investment opportunity for a high end rental for cashflow with the option of converting to condo's and selling individually. Floor plans available on request. Photos are renderings. (id:4069)
Address 74 CHURCH Street
List Price $1,374,900
Property Type Multi-family
Type of Dwelling Triplex
Area Ontario
Sub-Area Stratford
Bedrooms 6
Bathrooms 6
Floor Area 4,500 Sq. Ft.
Year Built 1954
MLS® Number 40386843
Postal Code N5A2R2
Zoning R5-1(23)

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