263 CHURCH ST new Save Request In-Person Tour Request Virtual Tour
Stratford,ON N5A 2R7
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $577
Subdivision Stratford
MLS Listing ID X12225545
Annual Tax Amount $24,685
Tax Year 2025
Property Sub-Type Investment
Property Description
TURN-KEY 11-PLEX RESIDENTIAL APARTMENT BUILDING IN EXCEPTIONAL CONDITION. PRIDE OF OWNERSHIP IS CLEARLY EVIDENT THROUGHOUT THIS MULTI-PLEX. GROSS ANNUAL INCOME $207,216 MINUS THE EXPENSES OF $63,424= $143,792 NET INCOME. RECENT CAPITAL IMPROVEMENTS: 50 YEAR FIBERGLASS REINFORCED SHINGLES, NEWER PARKING LOT, CONCRETE PAD AT MAIN ENTRANCE, CONCRETE WALKWAYS, STEPS AND PORCH AREAS, HALLWAY FLOOR COVERINGS, 3RD FLOOR DORMER WINDOWS. BUILDING IS INSPECTED ANNUALLY BY STRATFORD FIRE DEPARTMENT. BUILDING MEETS ALL CODE REQUIREMENTS, ALARM SYSTEM IS SUPPLIED BY FOREST CITY FIRE PROTECTION AND IS INSPECTED BY THEM EACH YEAR. TENANTS PAY HYDRO-SEPARATE UNITE METERS; LANDLORD PAYS HEAT AND WATER; UNITS 5 AND 6 SHARE A WATER METER. ACCORDINGLY, LANDLORD PAYS THE HYDRO FOR THESE TWO UNITS. BUILDING IS HEATED WITH NATURAL GAS; TWO STAGES VIESMAN BOILERS; HOT WATER SUPPLIED BY ONE GAS WATER HEATER; ALL LEASES ARE 2 YEARS; LANDLORD USES LPMA LEASES AND RENT CHECK CORP FOR SCREENING; RENT DISCOUNT WHEN RET IS PAID ON DUR DATE: $25-#11, 2% ON ALL OTHERS. COMPLEX IS NESTLED IN MATURE OLD SOUTH REGION OF STRATFORD. SELLER FINANCING MAY BE AVAILABLE TO QUALIFIED BUYERS.
Location
Province ON
County Perth
Community Stratford
Area Perth
Zoning R3-2
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Community Features Recreation/Community Centre,Public Transit
Utilities Available Yes
Lot Frontage 95.83
Lot Depth 160.86
Building
Lot Description Irregular Lot
New Construction false