36
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$1,400,000
Est. payment /mo
4,395 SqFt
New
116 Downie ST Perth, ON N5A 1X1
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UPDATED:
01/07/2025 09:10 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,395 sqft
Price per Sqft $318
MLS Listing ID X11911865
Annual Tax Amount $18,948
Tax Year 2024
Property Description
Excellent investment opportunity in downtown Stratford! Fully leased, and completely renovated 5 unit multiplex across from Avon Theatre close to major amenities including public transit. Formerly a restaurant, in 2015-16 this building was converted into a 3 units res; 2 unit comm building. Low maintenance and requires no capital improvements. High end finishes throughout entire building including 'hardie' board on back exterior, flooring and fixtures inside. 3 upscale apartments with s/s fridge, stove, dishwasher, individual furnaces & central a/c, on demand water heaters. Coin laundry room. 2 excellent commercial tenants have access to 2 shared public bathrooms. Front and rear entrances/exits. Everything up to code. 6% cap. Viewings will only be considered after acceptable offer. Please do not approach tenants or enter building. Seller would consider a share sale/selling the corporation that owns the building which could be advantageous to buyer and seller. Confidentiality Agreement required for additional info.
Location
Province ON
County Perth
Community Stratford
Area Perth
Zoning C3
Region Stratford
City Region Stratford
Interior
Cooling Yes
Inclusions coin washer and dryer. 3 x dishwasher, 3 x fridge, 3 x stove, 3 x OTR microwave
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 38.0
Others
Security Features No
Listed by Royal LePage Heartland Realty
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