Property Description for 156 ALBERT STREET
An exciting investment opportunity in the heart of Stratford! 156 Albert Street offers the chance to transform an existing commercial building into a 12-unit residential apartment building. Plans call for a full renovation and second-storey addition, resulting in twelve modern two-bedroom apartments.This property makes a fantastic option for those looking to take on a project and develop a strong cash-flowing multi-residential asset. Much of the tedious upfront work has already been completed including design and applications with only final site plan approval remaining.The asking price includes the land, existing building, and prepared plans. Buyer will be responsible for completing the build and covering construction, permit, and development costs.Perfectly located within Stratfords vibrant downtown core, future tenants will enjoy walkability to shops, dining, theatres, and transit ensuring ongoing rental demand. Opportunities of this scale and location are rarely available in Stratfords downtown core. (id:38686)
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Property Details
Property Tax
: $12,355 (2024)MLS® #
: X12383877
Home Features
Property Type
: MultiFamilySquare Footage
: 10,660 SQFT
Interior Features
Heating
: Other
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