Prime freestanding commercial investment with strong frontage, diversified tenancy, and defined upside. This well-located multi-tenant building offers approximately 6,351 sq. ft. of rentable area (excluding common areas) and a functional mix of professional and commercial users.The property is currently occupied by three tenants, providing immediate income with clear near- and medium-term repositioning potential. Two units are leased on a gross rent basis, while the largest unit is structured net, offering flexibility for expense recovery and future leasing strategy. A lower-level component is scheduled to be vacated in April 2026, creating a clear value-add opportunity for re-leasing, expansion, or owner-occupier use.Operating expenses are at approximately $8.98 per sq. ft. The building's layout, scale, and exposure make it suitable for a wide range of professional, financial, medical, or service-oriented users. An ideal acquisition for investors seeking stable cash flow with upside, or end users planning future occupancy while benefiting from interim income. (id:4069)
Address
516 HURON STREET
List Price
$1,999,000
Property Type
Office
Type of Dwelling
Offices
Transaction Type
Sale
Area
Ontario
Sub-Area
Stratford
Floor Area
7,000 Sq. Ft.
Lot Size
154.12 x 122.36 FT Sq. Ft.
MLS® Number
X12662444
Listing Brokerage
Royal LePage Hiller Realty
Postal Code
N5A5T7
Zoning
C2
