March 25, 2024
- 10 min read
156 Albert Street Stratford, Ontario N5A 3K4
$1,399,900
10,660 ft2
Fully Air Conditioned
Other
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:36109)
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 |
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156 Albert Street
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