156 Albert Street Stratford, Ontario N5A 3K4

$1,399,900

An exciting investment opportunity in the heart of Stratford! 156 Albert Street offers the chance to transform an existing commercial building into a 12-unit residential apartment building. Plans call for a full renovation and second-storey addition, resulting in twelve modern two-bedroom apartments.This property makes a fantastic option for those looking to take on a project and develop a strong cash-flowing multi-residential asset. Much of the tedious upfront work has already been completed including design and applications with only final site plan approval remaining.The asking price includes the land, existing building, and prepared plans. Buyer will be responsible for completing the build and covering construction, permit, and development costs.Perfectly located within Stratfords vibrant downtown core, future tenants will enjoy walkability to shops, dining, theatres, and transit ensuring ongoing rental demand. Opportunities of this scale and location are rarely available in Stratfords downtown core. (id:42776)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12383877
Property Type	Multi-family
Community Name	Stratford

Building

Cooling Type	Fully Air Conditioned
Heating Type	Other
Size Interior	10,660 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	104 Ft ,10 In
Size Frontage	118 Ft
Size Irregular	118 X 104.9 Ft
Size Total Text	118 X 104.9 Ft
Zoning Description	C3-11

https://www.realtor.ca/real-estate/28819876/156-albert-street-stratford-stratford