$1,200,000

Stratford ON, N5A 3R3

MLS® # X12260878

Property Information:

This well-maintained 4-unit multi-residential property, located within walking distance to downtown offers solid income and long-term value. With two 3-bedroom, 1-bathroom and two 2-bedroom, 1-bathroom units there is plenty of space to attract good tenants and rent. Recent major updates include a new roof (approx. 2017), a gas furnace (approx. 2015), and replacement of about half the windows, including all in Apartment #1. Apartment #1 was fully renovated in 2024, and Apartment #2 was updated in 2021 with new flooring, kitchen, and several new windows including a sliding patio door. Each unit also features laundry hookups and two parking spaces. This turnkey investment offers dependable rental income, minimal maintenance needs, and is located in a strong rental market. A fantastic opportunity to expand your portfolio, contact your REALTOR today to arrange a viewing. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 4393 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Floor Space (approx): 4393 Square Feet
Irregular: Yes
Lot Depth: 122.3 Feet
Lot Frontage: 66.0 Feet
Lot Size: 66 x 122.4 FT
Zoning: R3

Courtesy of: RE/MAX A-B Realty Ltd

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⚠ Potential Investment Performance

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Market Price Trends

Location of 34-38 DOURO STREET, Stratford, Ontario, N5A 3R3

Lifestyle
Neighbourhood

Demographic Information of 34-38 DOURO STREET, Stratford, Ontario, N5A 3R3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$97,960.51

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.07 %

High school certificate or equivalent

37.18 %

Apprenticeship trade certificate/diploma

6.08 %

College/non-university certificate

20.06 %

University certificate (below bachelor)

0.75 %

University Degree

16.86 %

Commuter

Travel To Work

By Car

85.38 %

By Public Transit

0.39 %

By Walking

8.26 %

By Bicycle

1.16 %

By Other Methods

4.81 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

14.72 %

Houses

85.28 %

Own Vs. Rent