$2,600,000
263 CHURCH Street, Stratford, ON N5A 2R7
Property Description
Property type
Multiplex
Lot size
N/A
Style
3-Storey
Approx. Area
3500-5000 Sqft
Room Information
Room Type | Dimension (length x width) | Features | Level |
---|---|---|---|
Kitchen | 3 x 4 m | N/A | Main |
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
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - CHURCH Street

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