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173 Queen St

7 Unit Block of Flats £836,401 (£119,486/Unit) 6.30% Net Initial Yield Stratford, ON N5A 4N6

Block of Flats Ontario Stratford 173 Queen St, Stratford, ON N5A 4N6

Investment Highlights

  • Quiet Residential Area
  • 7 Unit multi family property
  • Well maintained building

Executive Summary

Welcome to this exceptional 7-unit investment opportunity with a 6.3% Cap Rate at entry! Situated in a quiet residential area of Stratford, it boasts an average rent of over $1,700 per unit. Recent turnover has been enhanced by minor cosmetic updates, increasing its appeal. The building and mechanical systems have been meticulously maintained, with annual fire prevention and compliance checks already completed. Investors can take advantage of lucrative purchase options through CMHC standard financing, with an estimated 10.6% cash-on-cash return in the first year. Don't miss your chance to seize this prime investment opportunity!

Property Facts

Price £836,401 Apartment Style Low Rise
Price Per Unit £119,486 Building Class C
Sale Type Investment Lot Size 0.14 AC
Net Initial Yield 6.30% Building Size 4,000 SF
No. Units 7 Number of Floors 3
Property Type Residential Year Built 1950
Property Subtype Apartment
Price £836,401
Price Per Unit £119,486
Sale Type Investment
Net Initial Yield 6.30%
No. Units 7
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 4,000 SF
Number of Floors 3
Year Built 1950

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector
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Walk Score ®
Very Walkable (83)
Bike Score ®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code R3
R3
(866) 530-7737

Contact

  • Listing ID: 34344935

  • Date on Market: 02/01/2025

  • Last Updated:

  • Address: 173 Queen St, Stratford, ON N5A 4N6

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© 2025 CoStar Group

173 Queen St
(866) 530-7737 x

173 Queen St

Andrew Odoardi

(866) 530-7737

(866) 530-7737

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