263 Church Street Stratford, ON N5A 2R7
Listing Courtesy of: MLS LogoCREA - C21 Brokers / Century 21 First Canadian Corp. Brokerage / Harold Matthews

  263 Church Street Stratford, ON N5A 2R7

Active (71 Days)
$1,990,000
15
BED
11
BATH
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Description

TURN-KEY 11-PLEX RESIDENTIAL APARTMENT BUILDING IN EXCEPTIONAL CONDITION. PRIDE OF OWNERSHIP IS CLEARLY EVIDENT THROUGHOUT THIS MULTI-PLEX. GROSS ANNUAL INCOME $207,216 MINUS THE EXPENSES OF $63,424= $143,792 NET INCOME. RECENT CAPITAL IMPROVEMENTS: 50 YEAR FIBERGLASS REINFORCED SHINGLES, NEWER PARKING LOT, CONCRETE PAD AT MAIN ENTRANCE, CONCRETE WALKWAYS, STEPS AND PORCH AREAS, HALLWAY FLOOR COVERINGS, 3RD FLOOR DORMER WINDOWS. BUILDING IS INSPECTED ANNUALLY BY STRATFORD FIRE DEPARTMENT. BUILDING MEETS ALL CODE REQUIREMENTS, ALARM SYSTEM IS SUPPLIED BY FOREST CITY FIRE PROTECTION AND IS INSPECTED BY THEM EACH YEAR. TENANTS PAY HYDRO-SEPARATE UNITE METERS; LANDLORD PAYS HEAT AND WATER; UNITS 5 AND 6 SHARE A WATER METER. ACCORDINGLY, LANDLORD PAYS THE HYDRO FOR THESE TWO UNITS. BUILDING IS HEATED WITH NATURAL GAS; TWO STAGES VIESMAN BOILERS; HOT WATER SUPPLIED BY ONE GAS WATER HEATER; ALL LEASES ARE 2 YEARS; LANDLORD USES LPMA LEASES AND RENT CHECK CORP FOR SCREENING; RENT DISCOUNT WHEN RET IS PAID ON DUR DATE: $25-#11, 2% ON ALL OTHERS. COMPLEX IS NESTLED IN MATURE OLD SOUTH REGION OF STRATFORD. SELLER FINANCING MAY BE AVAILABLE TO QUALIFIED BUYERS. (id:42016)

MLS®:
X12225555
Type
Multifamily
County
Perth County

Listed By

Harold Matthews, Century 21 First Canadian Corp. Brokerage
Source
CREA - C21 Brokers
Last checked Aug 27 2025 at 9:10 PM EDT
Bathroom Details
  • Full Bathrooms: 11
Interior Features
  • Water Heater
Lot Information
  • Flat Site
  • Irregular Lot Size
Property Features
  • Foundation: Concrete
  • Foundation: Stone
Heating and Cooling
  • Hot Water Radiator Heat
  • Natural Gas
Basement Information
  • Full
  • Unfinished
Exterior Features
  • Brick
Utility Information
  • Sewer: Sanitary Sewer
Parking
  • Total: 17
  • No Garage
Stories
  • 3
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jul 21, 2025
Price Changed
$1,990,000
-23%
-610,000
Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled
by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 8/27/25 14:10

CENTURY 21 First Canadian Corp. Brokerage

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CENTURY 21 First Canadian Corp. Brokerage

420 York Street, London, ON N6B1R1

(519) 673-3390

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