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$2,499,900

Stratford ON, N5A 3K3

MLS® # X12552592

Property Information:

In the heart of Stratford, 56 Albert St. presents a unique opportunity for investors, entrepreneurs, and anyone seeking a vibrant and dynamic environment. This thoughtfully adapted building offers a blend of residential units, Hotel/Inn space and flexible lower level commercial space, making it ideal for a variety of needs. For those seeking a comfortable and convenient property to add to their portfolio, 56Albert St. boasts eight finished 1-bedroom residential units, as well as 8 Hotel/Inn Units. Residents and patrons will enjoy the benefits of being close to the theatres, local shops, restaurants, and amenities, making this a perfect location for a theatre going getaway, students ,or young professionals. Entrepreneurs and businesses, on the other hand, can leverage the potential of the Lower level spacious commercial area. This area offers a flexible layout, allowing for customization to suit various needs, from retail ventures, restaurant or bar, or professional offices. Additionally, the high-traffic location guarantees optimal visibility and foot traffic, making it an ideal space to establish a thriving presence. Whether as a residential investment property or your ideal commercial space, with additional income generation in the upper levels 56 Albert St. provides a compelling opportunity; the potential for generating consistent income through rental units and Inn and commercial space makes this property an attractive investment option. The prime location offers easy access to transportation and major roadways. Contact your Realtor today to schedule a viewing and explore the possibilities that await you at 56Albert St.! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 9492 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 9492 Square Feet
  • Irregular: Yes
  • Lot Depth: 102.7 Feet
  • Lot Frontage: 46.5 Feet
  • Lot Size: 46.51 x 102.68 FT
  • Zoning: C3

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 56 ALBERT STREET, Stratford, Ontario, N5A 3K3

Demographic Information of 56 ALBERT STREET, Stratford, Ontario, N5A 3K3

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$121,200.43

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.39 %

High school certificate or equivalent

26.69 %

Apprenticeship trade certificate/diploma

3.41 %

College/non-university certificate

21.4 %

University certificate (below bachelor)

1.4 %

University Degree

33.71 %

Commuter

Travel To Work

By Car

65.33 %

By Public Transit

0.0 %

By Walking

23.26 %

By Bicycle

5.13 %

By Other Methods

6.28 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

51.66 %

Houses

48.34 %

Own Vs. Rent