56 Albert Street Stratford, Ontario N5A 3K3

$2,499,900

In the heart of Stratford, 56 Albert St. presents a unique opportunity for investors, entrepreneurs, and anyone seeking a vibrant and dynamic environment. This thoughtfully adapted building offers a blend of residential units, Hotel/Inn space and flexible lower level commercial space, making it ideal for a variety of needs. For those seeking a comfortable and convenient property to add to their portfolio, 56Albert St. boasts eight finished 1-bedroom residential units, as well as 8 Hotel/Inn Units. Residents and patrons will enjoy the benefits of being close to the theatres, local shops, restaurants, and amenities, making this a perfect location for a theatre going getaway, students ,or young professionals. Entrepreneurs and businesses, on the other hand, can leverage the potential of the Lower level spacious commercial area. This area offers a flexible layout, allowing for customization to suit various needs, from retail ventures, restaurant or bar, or professional offices. Additionally, the high-traffic location guarantees optimal visibility and foot traffic, making it an ideal space to establish a thriving presence. Whether as a residential investment property or your ideal commercial space, with additional income generation in the upper levels 56 Albert St. provides a compelling opportunity; the potential for generating consistent income through rental units and Inn and commercial space makes this property an attractive investment option. The prime location offers easy access to transportation and major roadways. Contact your Realtor today to schedule a viewing and explore the possibilities that await you at 56Albert St.! (id:42776)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12552592
Property Type	Multi-family
Community Name	Stratford
Amenities Near By	Public Transit

Building

Cooling Type	Partially Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	9,492 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Public Transit
Size Depth	102 Ft ,8 In
Size Frontage	46 Ft ,6 In
Size Irregular	46.51 X 102.68 Ft
Size Total Text	46.51 X 102.68 Ft
Zoning Description	C3

https://www.realtor.ca/real-estate/29111523/56-albert-street-stratford-stratford