$849,900 $4,562 est/mo Sourced by Back At You

220 Albert Street,Stratford, ON N5A 3K6

Stratford ON, N5A 3K6

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Description

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 water and 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.

Details

MLS#40586738
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Days On Site10
Listing Provided ByRE/MAX a-b Realty Ltd (Stfd) Brokerage | Liz Serec

Features

Bed(s)6
Bath(s)3
SQ Feet2,977
BasementY
Story(s)2
Units3
ZoningR-3
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 3 minutes ago
ProvinceON
CountyPerth
CityStratford
Postal CodeN5A 3K6
AreaStratford
Subarea22 Stratford
Community Name22 Stratford
Listing VS Median (in 22 Stratford)
Price:
$849,900
low | high
Med:
$679,000
70.10824802918% of Average
SqFt:
2,977
low | high
Med:
1,089
100% of Average
$ / SqFt:
$285
low | high
Med:
$624
68.400133716374% of Average
On Site:
10
low | high
Med:
44.000000
22.727272727273% of Average
Sourced by Back At You
Listing Updated: May 24, 2024 at 11:23:54 AM PDT