116 Downie Street Stratford, Ontario N5A 1X1

$1,400,000

Excellent investment opportunity in downtown Stratford! Fully leased, and completely renovated 5 unit multiplex across from Avon Theatre close to major amenities including public transit. Formerly a restaurant, in 2015-16 this building was converted into a 3 units res; 2 unit comm building. Low maintenance and requires no capital improvements. High end finishes throughout entire building including 'hardie' board on back exterior, flooring and fixtures inside. 3 upscale apartments with s/s fridge, stove, dishwasher, individual furnaces & central a/c, on demand water heaters. Coin laundry room. 2 excellent commercial tenants have access to 2 shared public bathrooms. Front and rear entrances/exits. Everything up to code. 6% cap. Viewings will only be considered after acceptable offer. Please do not approach tenants or enter building. Seller would consider a share sale/selling the corporation that owns the building which could be advantageous to buyer and seller. Confidentiality Agreement required for additional info. (id:42776)

Business

Business Type	Service
Business Sub Type	Miscellaneous services

Property Details

MLS® Number	X11911865
Property Type	Retail
Community Name	Stratford
Amenities Near By	Public Transit

Building

Appliances	Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Other
Size Interior	4,395 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Public Transit
Sewer	Sanitary Sewer
Size Frontage	38 Ft
Size Irregular	38 Ft ; Irregular
Size Total Text	38 Ft ; Irregular
Zoning Description	C3

https://www.realtor.ca/real-estate/27776020/116-downie-street-stratford-stratford