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116 Downie Street Stratford, Ontario N5A 1X1

116 Downie Street, Stratford, Ontario N5A 1X1 - Photo 1 - X11911865
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116 Downie Street, Stratford, Ontario N5A 1X1 - Photo 1 - X11911865
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$1,400,000

4395 sqft
Fully Air Conditioned Other

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:36109)

Virtual Tour

Business

BusinessType Service
BusinessSubType Miscellaneous services

Property Details

MLS® Number X11911865
Property Type Retail
Community Name Stratford
AmenitiesNearBy Public Transit

Building

Appliances Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Other
SizeInterior 4395 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit
Sewer Sanitary Sewer
SizeFrontage 38 Ft
SizeIrregular 38 Ft ; Irregular
SizeTotalText 38 Ft ; Irregular
ZoningDescription C3
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116 Downie Street
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January 07 2025 09:57:59

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