$849,900
FOR SALE

Triplex

Bedrooms: 6Bathrooms: 3Lot: 53 x 105 ft

220 Albert Street
Stratford, ON N5A 3K6

This solid 2.5 story brick building with great appeal is housing three vacant residential units ( 3 brs, 2 brs and large one bedroom) and provides an opportunity to set up your own rents and choice of your own tenants as well as it does allow any necessary renovations or upgrades to increase the rental potential. Ample parking is a magnificent advantage, especially so close to City core. This feature can make your property more attractive to potential renters. With the units vacant, you can have the flexibility to adjust the rents to current market rates potentially increasing your revenue. You can also implement rental policies that will align with your management style and goals. Vacant units will allow you to analyze the local rental market to determine competitive rental rates and what features the tenants in the area value the most. This way you can implement a thorough tenant screening process to ensure you select reliable and responsible tenants. This property has a strong potential, especially with its solid construction and parking viability. With the right approach, it can be a profitable investment ensuring the rental income will cover your expenses and will provide a reasonable return on the investment. You will have time to decide if you will manage the property yourself or hire a professional property management company that can save time and ensure the property is maintained properly. and take steps to maximize the property potential. Separate hydro meters.Take advantage of this unique opportunity. Call your REALTOR® today to view it and to make an offer on it before it is gone. (id:47421)
Share
Listed By RE/MAX a-b Realty Ltd (Stfd) Brokerage
Data Provided By Huron Perth Association of REALTORS®
MLS® Listing Number 40586738
Last Updated Jun 26, 2024
Property Summary
Property Type Triplex

More like this:
Subdivision 22 - Stratford
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Bedrooms 6
Bathrooms 3
Lot 53 x 105 ft
Amenities Nearby Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features Quiet Area, School Bus
Features Southern exposure, Conservation/green belt, Paved driveway, Crushed stone driveway
Listing Contract Date 2024-05-16
Location Description Ontario Street to Nile Street to Albert Street
Ownership Type Freehold
# of Parking Spaces 5
Property Type Multi-family
Structures Porch
Transaction Type For sale
Zoning Description R-3
Building
Appliances Water softener
Basement Development Unfinished
Basement Type Full (Unfinished)
Cooling Type Wall unit
Exterior Finish Brick
Fire Protection Security system
Foundation Type Stone
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2.5
Type Triplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Amenities Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Fence Type Fence
Sewer Municipal sewage system
External Links

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)