$1,400,000 FOR SALE

Commercial/Retail

Lot: 38 x 0 ft

116 Downie Street
Stratford, ON N5A 1X1

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:47423)

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Listed By Royal LePage Heartland Realty
Data Provided By OnePoint Association of REALTORS®
MLS® Listing Number X11911865
Last Updated Jan 07, 2025
Property Summary
Property Type Commercial/Retail

More like this:
Use Miscellaneous Services
Community Stratford
Price History
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Detailed Information
Lot 38 x 0 ft
Amenities Nearby Public Transit
Listing Contract Date 2025-01-07
Location Description George St. W.
Property Type Retail
Transaction Type For sale
Zoning Description C3
Business
Business Type Service
Business Subtype Miscellaneous services
Building
Appliances Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Other
Utility Water Municipal water
Land
Total Size 38 FT ; Irregular
Amenities Public Transit
Sewer Sanitary sewer
Size of Irregular Land 38 FT ; Irregular

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