$5,900,000

Stratford ON, N5A 3Z1

MLS® # X10779885

Property Information:

INVESTMENT OPPORTUNITY - If you're seeking to diversify or build your portfolio, seize this exceptional chance to acquire 33 residential units situated across three distinct buildings on a single property. The property, spanning approximately 1.4 acres, includes 193 Norfolk Street, 61 Borden Street, and 75 Borden Street. Adequate parking, totalling 45 spots, is available for all three structures. Each building comprises 11 residential units, comprising 31 one-bedroom units and 2 two-bedroom units, all currently occupied. Additionally, each building is equipped with coin-operated laundry facilities, extra storage spaces, and tenant lockers. Click on the virtual tour link, view the floor plans, photos, and layout and then call your REALTOR® to review more information and financials before you schedule your private viewing of this great opportunity! (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 18117 sqft
Heating Type: Radiant heat
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dryer, Washer

Property Features:

Property Type: Multi-family
Bedrooms: 35
Floor Space (approx): 18117 Square Feet
Irregular: Yes
Lot Depth: 290.0 Feet
Lot Frontage: 246.0 Feet
Lot Size: Bldg=246 x 290 FT
Zoning: R5(1)
Parking Type: No Garage
No. of Parking Spaces: 45

Courtesy of: RE/MAX A-B Realty Ltd

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⚠ Potential Investment Performance

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Market Price Trends

Location of 193 NORFOLK STREET, Stratford, Ontario, N5A 3Z1

Lifestyle
Neighbourhood

Demographic Information of 193 NORFOLK STREET, Stratford, Ontario, N5A 3Z1

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,621.70

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.99 %

High school certificate or equivalent

41.48 %

Apprenticeship trade certificate/diploma

7.14 %

College/non-university certificate

20.68 %

University certificate (below bachelor)

0.5 %

University Degree

9.21 %

Commuter

Travel To Work

By Car

87.73 %

By Public Transit

0.0 %

By Walking

9.62 %

By Bicycle

2.65 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

35.63 %

Houses

64.37 %

Own Vs. Rent