108 Wellington Street Stratford, Ontario N5A 2L5
$899,000
Attention Investors! This is the perfect opportunity you have been searching for! Presenting a fantastic 5-unit mixed commercial and residential building located in the heart of Stratford. This property generates a lucrative income of $77,982 annually, and with zero vacancies, you can enjoy a steady stream of income without any interruptions. The building is comprised of (2) commercial and (3) residential units that are currently occupied by reliable and established renters who make on time payments. It is strategically situated near numerous amenities and offers easy access to everything downtown Stratford has to offer. This property is zoned C3, which allows for various uses, making it a versatile asset to own. Moreover, it comes with (4) parking spaces, making it convenient for tenants and customers alike. The building has been well-maintained, and several updates have been completed throughout the years. Don't miss this amazing opportunity to own this cash-producing asset. Contact your trusted REALTOR® today to book a showing and learn more about this incredible investment opportunity. (id:28006)
Property Details
| MLS® Number | 40504572 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Public Transit, Schools, Shopping |
| Community Features | High Traffic Area |
| Features | Visual Exposure, Paved Driveway, Sump Pump |
| Parking Space Total | 4 |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 3 |
| Appliances | Water Softener |
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Constructed Date | 1890 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Fireplace Present | No |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Interior | 3905 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 96 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C3 |
https://www.realtor.ca/real-estate/26209173/108-wellington-street-stratford
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London and St. Thomas Association of REALTORS®
Exp Realty, Brokerage
February 14 2024 05:21:39
