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$ 3,499,000
Est. payment | /mo
19 Baths
$ 3,499,000
Est. payment | /mo
19 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Stratford
MLS Listing ID X12285863
Building Age 51-99
Annual Tax Amount $45,308
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
State ON
County Perth
Community Stratford
Area Perth
Zoning R5(1)
Interior
Cooling No
Inclusions Owner Owned unit Appliances
Exterior
Utilities Available Yes
Lot Frontage 122.0
Lot Depth 132.4
Listed by Royal LePage Hiller Realty
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