263 CHURCH Street, Stratford, ON Image 1

$2,600,000

Multiplex For Sale
MLS - #X12225555
Jun 17- By Century 21 First Canadian Corp

263 CHURCH Street, Stratford, ON N5A 2R7

15 Bed
11 Bath
3500-5000 Sqft.
None Garage

Property Description

Property type

Multiplex

Lot size

N/A

Style

3-Storey

Approx. Area

3500-5000 Sqft

Room Information

Room TypeDimension (length x width)FeaturesLevel
Kitchen3 x 4 mN/AMain

About 263 CHURCH Street

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.

Home Overview

Last updated

Jun 17

Virtual tour

None

Basement information

Full, Unfinished

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

2025

Additional Details

Basement:Full, Unfinished
Cooling:None
Heating:Water
Parking Features:Private
0
Similar Homes Found
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Average Price
260000000.0%
Higher than average

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Location

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Walk Score for 263 CHURCH Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Some information about this property - CHURCH Street

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