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$3,250,000

Stratford ON, N5A 4Y1

MLS® # X12285863

Property Information:

Prime Investment Opportunity 18-Unit Apartment Building at 98 William St, Stratford! This well-maintained 18-unit residential apartment building at 98 William Street offers a rare chance to acquire a stabilized asset in the heart of Stratford, one of Ontarios most charming and vibrant cities. Known for its world-renowned Stratford Festival, thriving arts and culinary scene, historic downtown, and beautiful parks along the Avon River, Stratford attracts both residents and visitors seeking a high quality of life. Situated in a quiet, established neighbourhood surrounded by high-value homes, the property is also close to shopping, dining, transit, and all amenities.Constructed of solid brick with a flat roof, the building features a rare accessible elevator serving from the basement to the third floor an uncommon convenience in buildings of this era. It offers a mix of one- and two-bedroom units, several updated with modern kitchens, bathrooms, and flooring, and all with new patio doors (2019). Six units have been rented at market rates since January 2024, reflecting strong demand and upside potential.Residents enjoy on-site laundry, patios or balconies, 12 underground private parking spaces, surface parking, and fibre optic internet access. A large garage maintenance area and spacious boiler room provide excellent utility and storage space for management.Updates include a new roof (2014), boiler (2017), and regular elevator maintenance. Current gross income is strong, with room to grow as more units turn over to market rents.This is a fantastic Class C multifamily investment with low turnover, excellent retention, and a proven track record of stable cash flow ideal for investors seeking scale, quality, and long-term potential in Stratfords thriving market. Contact us today for a detailed information package and financials available to qualified buyers upon request. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 19
  • Features: Elevator
  • Lot Depth: 132.3 Feet
  • Lot Frontage: 122.0 Feet
  • Zoning: R5(1)
  • Sewer: Sanitary sewer
  • Parking Type: Underground
  • No. of Parking Spaces: 20

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 98 WILLIAM STREET, Stratford, Ontario, N5A 4Y1

Demographic Information of 98 WILLIAM STREET, Stratford, Ontario, N5A 4Y1

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$120,646.69

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.98 %

High school certificate or equivalent

29.7 %

Apprenticeship trade certificate/diploma

5.15 %

College/non-university certificate

24.77 %

University certificate (below bachelor)

2.08 %

University Degree

26.32 %

Commuter

Travel To Work

By Car

83.69 %

By Public Transit

1.43 %

By Walking

13.06 %

By Bicycle

1.03 %

By Other Methods

0.79 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.7 %

Houses

73.3 %

Own Vs. Rent