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514 Erie ST Stratford, ON N5A 2N6
7 Beds
8 Baths
0.5 Acres Lot
UPDATED:
03/06/2025 03:03 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision Stratford
MLS Listing ID X11999223
Style 2-Storey
Bedrooms 7
Annual Tax Amount $6,749
Tax Year 2024
Lot Size 0.500 Acres
Property Sub-Type Multiplex
Property Description
EXCELLENT INVESTMENT OPPORTUNITY! Six-plex multi-family dwelling located in a good location on a city bus route and Highway #7 (to London). Largest front apartment is currently vacant so buyers can set their own rent or occupy unit themselves. Building was originally a single family home built in 1880 but was rebuilt in the eighties and an addition was added at rear which houses the four one-bedroom units. The front half of the roof was done in 2023, but the sellers are not aware of the age of the back half of the building. Boiler was replaced in 2024 but sellers have no knowledge of age of the furnace. The property was owned by their father's company. He is now deceased and his son and daughter are now the owners. There are six parking spaces, two on the northerly side of building and four on the southerly side. There is a common laundry area with coin-operated washer and dryer. The large front unit has its own laundry hook-ups but there is no washer or dryer included with this unit. All six units include a stove and refrigerator. There are four one-bedroom units with a four-piece bath, all located at the rear of the building in a more recent addition to the original building. There is a two-storey two-bedroom unit with one four-piece bath and one two-piece bath located at the northerly side and a two-storey three-bedroom unit with one four-piece bath and one-two-piece bath located at the front. The side and front units also have basement access and are partially finished. The two larger units are located in the original home but have been updated. Please note that the square footages set out in this listing are an estimate as the sellers have no plans setting out exact measurements.
Location
Province ON
County Perth
Community Stratford
Area Perth
Rooms
Family Room No
Basement Unfinished
Kitchen 6
Separate Den/Office 2
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Year Round Living
Pool None
Waterfront Description None
View City
Roof Type Asphalt Shingle
Topography Level
Lot Frontage 69.0
Lot Depth 132.0
Total Parking Spaces 6
Building
Foundation Other
Others
ParcelsYN No
Listed by StreetCity Realty Inc.