offered at: $1,650,000
Commercial Units: 01
Heating: Heat Pump
Services: Municipal Water, Sewers, Gas
Lot Size: 2461.00/Square
Welcome to this stunning building that underwent an impressive $1.4+ million renovation project in 2013, leaving no detail overlooked. A true masterpiece, every aspect of this property has been meticulously upgraded, from mechanicals and plumbing to electrical, heating, A/C, and interior finishings, including insulation, drywall, and flooring.
The building comprises three levels and a full basement, accessible via a passenger elevator that services all four levels, ensuring convenience and accessibility for all occupants. The two suites on the 2nd and 3rd floors are a sight to behold, offering over 1350 sq. ft. of luxurious living space. With soaring ceilings and lavish finishings, these suites epitomise comfort and elegance. In-suite elevator service adds a touch of opulence to the already exceptional living experience.
The commercial unit, covering approximately 1850 sq. ft., is currently occupied by a fabulous restaurant tenant with a 5-year lease in place. The tenant is renowned for their culinary delights, ensuring a steady and attractive income stream for the property.
Adding to the investment appeal, the current tenant will take over the turnkey management of short-term rentals for the two luxury suites, effective from April 1, 2023. This arrangement promises a seamless and hassle-free experience for both the owner and guests.
Projected annual income from the building is an impressive $145,000, making this property an excellent investment opportunity. The luxury suites cater to visitors attending the renowned Stratford Theatre, a cultural gem that attracts over 1 million visitors each year. These patrons come to enjoy the arts and theatre amenities, ensuring a steady flow of discerning clientele.
This building is not only a wise investment but also a testament to the harmonious blend of modern luxury and historic charm. Don’t miss this chance to own a piece of history with a promising financial future.