193 NORFOLK Street
Stratford, ON
- 35 bed
- 18,117 sqft
- Investment
INVESTMENT OPPORTUNITY - If you're seeking to diversify or build your portfolio, seize this exceptional chance to acquire 33 residential units situated across three distinct buildings on a single property. The property, spanning approximately 1.4 acres, includes 193 Norfolk Street, 61 Borden Street, and 75 Borden Street. Adequate parking, totalling 45 spots, is available for all three structures. Each building comprises 11 residential units, comprising 31 one-bedroom units and 2 two-bedroom units, all currently occupied. Additionally, each building is equipped with coin-operated laundry facilities, extra storage spaces, and tenant lockers. Click on the virtual tour link, view the floor plans, photos, and layout and then call your REALTOR® to review more information and financials before you schedule your private viewing of this great opportunity!
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $79,318
- Originally Listed
- $6,500,000
- Listed
- January 22, 2024
Price History
Property
- Age
- 51-99
- Lot Size
- 246 x 290 Feet
Parking
- Garage
- Unknown
Utilities
- Sewer
- Sanitary+Storm
- Heat Source
- Gas
Location & Legal
- Cross Street
- Borden/Norfolk
- Zoning
- R5(1)
- Parcel Number
- 531040005
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Commercial
- Business Type
- Apts - Over 20 Units
Included
- Inclusions
- 33 stoves, 32 fridges, 3 washers, 3 dryers, 3 water heaters, 3 boiler furnaces, Other
- Exclusions
- Tenant Belongings
Community
Postal area N5A
- Population
- 32,898
- Private dwellings
- 15,203
- Median age
- 46.4
- Average household size
- 2.2
- Median household income
- $77,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Stratford · last 12 months
- Median sold price
- $569,450
- Homes sold
- 424
- Median days on market
- 30
- Sale-to-list price
- 97.5%
Based on 424 recorded sales of commercial properties in Stratford over the last 12 months.
Listed by
RE/MAX A-B Realty Ltd
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 18,117 sq ft
- Price per sq ft
- $314.62
- Annual property tax
- $79,318
- Tax per sq ft
- $4.38
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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