108,106,104 Wellington Street in Stratford: 22 - Stratford Multi-5 Unit for sale : MLS®# 40403611

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.

Documents & Links:

Virtual Tour

Virtual Tour 2

General Info:

Property Type:: Residential Income

Type:: Multi-5 Unit

Year built:: 1890 (Age: 133)

Listing General Location:: 22 - Stratford, Stratford

Bedrooms:: 3

Bathrooms:: 3.0 (Full:-/Half:-)

Lot Details:: 0 x 96

Lot Depth:: 0'0 m

Lot Frontage:: 96'29.261 m

Frontage Type:: West

Kitchens:: 0

County Or Parish:: Perth

Additional Info:

Property Attached:: Semi Detached

Features:: Attached Garage: No, Garage: No, New Construction: No

Construction:: Brick Front, Vinyl Siding

Basement:: Partial, Partially Finished, Sump Pump

Foundation:: Stone

UFFI:: No

Roof:: Flat, Shingle

Year Roof Replaced:: 2016

Number of Storeys:: 2

Number of Buildings:: 0

Total Floor Area:: 4,229 sq. ft.392.887 m2

Finished Area Above Grade:: 3,905 sq. ft.362.786 m2

Finished Area Below Grade:: 324 sq. ft.30.101 m2

Fireplace:: false

Laundry Features:: Other

Water Supply:: Municipal-Metered

Sewer:: Sewer (Municipal)

Cooling:: Central Air, Window Unit(s)

Heating:: Baseboard, Forced Air, Natural Gas

Features Included:

Other,(3) Fridges, (3) Stoves, (1) Washer, (1) Dryer, (1) Wall Air Conditioner

Appliances Included:

Instant Hot Water, Water Heater Owned, Water Softener, Dryer, Refrigerator, Stove, Washer

Features Excluded:

Tenant Belongings

Interior Features:

High Speed Internet, Separate Heating Controls, Separate Hydro Meters

Exterior Features:

Awning(s), Controlled Entry, Lighting, Private Entrance

Waterfront:

false

Docking:

Directions:

Southwest Corner of Wellington & St. Patrick St

Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)

Financial Info:

Assessment Roll Number:: 311105001009500

Assessment Year:: 2023

HST Applicable To Sale Price:: Yes

Association Fee 2 Frequency:: Monthly

Features:: Attached Garage: No, Garage: No, New Construction: No

Insurance Expense:: $3,226

Expenses:: Actual

Snow Garbage Expense:: $1,198.93

Utilities Expense:: 825.25

Net Income:: $77,982

Lease Term Remaining:: See unit breakdown

Legal Info:

Zoning:: C3

Accessibility:: Multiple Entrances, Parking

Land Info:

Utilities:: Cell Service, Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights

Exposure / Faces:: East

Lot Site Features:: Urban, Irregular Lot, Paved, Business Centre, City Lot, High Traffic Area, Hospital, Library, Public Parking, Public Transit, Rail Access, Schools, Shopping Nearby, Visual Exposure