98 William St - Apartments FOR SALE


Stratford, ON N5A 4Y1
$3,399,000 CAD

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$3,399,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

98 William St
Stratford, ON N5A 4Y1


HIGHLIGHTS

  • Well-maintained 18-unit apartment building in Stratford.
  • Passenger elevator provides access to all floors.
  • Features 12 underground and 8 surface parking spaces.
  • Major capital improvements include exterior and boiler upgrades.
  • Walking distance to downtown Stratford, parks, and restaurants.
  • Fibre optic internet and on-site laundry are available.

OVERVIEW

98 William Street E presents an opportunity to acquire a well-maintained 18-unit apartment building in Stratford, Ontario. The property is located within an established residential neighborhood characterized by mature homes and tree-lined surroundings, offering a stable residential setting that has historically appealed to long-term tenants. Its location provides convenient access to downtown Stratford, local shopping and dining amenities, parks, and the internationally recognized Stratford Festival, supporting continued residential demand within the area. The building has benefited from a series of capital improvements that reduce near-term ownership requirements. Features include a passenger elevator servicing all floors, underground and surface parking, on-site laundry facilities, fibre optic internet service, and updated patio doors throughout the property. Major building system upgrades reported in the listing include exterior replacement completed in 2014 and boiler replacement completed in 2017, along with ongoing mechanical maintenance. The asset is positioned as a stabilized multifamily investment within a mature urban market. Stratford continues to attract residents through its cultural attractions, established downtown core, and diverse local economy. The combination of an established tenant-oriented location, recent capital improvements, and apartment inventory in a supply-constrained market provides investors with an opportunity to acquire a residential income-producing asset with documented operational history. Financial statements, rent roll information, and supporting due diligence materials are reported as available to qualified purchasers.

FOR SALE DETAILS

PRICE

$3,399,000 CAD

PRICE/SF

$246 CAD /SF

# OF UNITS

18

PRICE/UNIT

$188,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1962

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

RM

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mark ThibeaultRoyal Lepage Hiller Realty BrokerageMore Info

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Mark ThibeaultRoyal Lepage Hiller Realty BrokerageMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.