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$ 1,095,000
Est. payment | /mo
0.3 Acres Lot
$ 1,095,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40837757
Annual Tax Amount $6,947
Lot Size 0.302 Acres
Acres 0.302
Property Sub-Type Commercial
Source Cornerstone
Property Description
CBRE Southern Ontario Investment Team is pleased to present 156 Albert Street, Stratford, a ±0.302-acre, medium-density redevelopment opportunity. The Property benefits from its central position in the Downtown Core of Stratford, providing easy access to nearby amenities including restaurants, cafes, shopping centers, recreational facilities, green spaces, theaters, and historical landmarks.
The Site is currently improved a two-storey commercial building, containing a total building area of approximately 5,073 SF. The offering presents two excellent development options. The first option contemplates the conversion of the existing structure into a 12-unit residential property, supported by a site plan approval secured by the seller. The second option involves demolition of the existing structure and construction of a new apartment building. The Vendor's planner has prepared a principally as-of-right preliminary concept for a 5-storey, 23 suite building.
The Site is currently improved a two-storey commercial building, containing a total building area of approximately 5,073 SF. The offering presents two excellent development options. The first option contemplates the conversion of the existing structure into a 12-unit residential property, supported by a site plan approval secured by the seller. The second option involves demolition of the existing structure and construction of a new apartment building. The Vendor's planner has prepared a principally as-of-right preliminary concept for a 5-storey, 23 suite building.
Location
State ON
County Perth
Area Stratford
Zoning C3-11
Direction Albert St & Nile St
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available At Lot Line-Gas, At Lot Line-Hydro, Cell Service, Electricity Connected
Lot Frontage 118.0
Lot Depth 104.9
Garage No
Building
Lot Description Urban, Rectangular, City Lot
Faces Albert St & Nile St
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 531220037
Ownership Freehold/None
Listed by CBRE LIMITED
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