Business For Sale · Specialty

2931 LINE 34 HIGHWAY, Stratford

2931 LINE 34 HIGHWAY, Stratford, ON N5A6S5

$1.7M total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

91%

Lot Size

2.76 ac

About this property

RARE 2.7-ACRE OPPORTUNITY JUST OUTSIDE STRATFORD! Featuring three detached homes, a horse barn, workshop, ample parking, and exceptional income and lifestyle potential. The primary bungalow offers over 4,500 sq. ft. of finished living space with 7 bedrooms, eat-in kitchen, sunroom, family room with gas fireplace, formal living and dining rooms. Finished basement includes a21' x 25' recreation room with fireplace, kitchen, 2 bedrooms, office and den. A 33' x 13"workshop with walk-up access to the double garage provides excellent space for hobbies, trades, storage or additional uses. Two additional detached homes, with 2 and 3 bedrooms respectively, each feature separate heatand hydro, offering excellent flexibility and rental income potential. Combined potential rental income is estimated at approximately $48,000 annually. The 31' x 22' horse barn includes6 stalls, hay loft and water. Multiple possibilities: live in the main home and rent the additional homes, accommodate extended family, create a multi-generational setup, operate a home-based business or explore other residential/commercial opportunities, subject to zoning and municipal approvals. Generous acreage provides space, privacy and flexibility while remaining close to Stratford amenities. Early possession may be available. Buyer and buyer's agent to conduct their own due diligence regarding zoning, permitted uses and future development potential. Contact your REALTOR today for details and a private viewing. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.70M
Down payment30% · $510K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$118K

Annual cash flow

$24K

Cash-on-cash

4.71%

DSCR

1.26

Going-in cap

6.95%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

101,126

Households

35,601

Median income

$91,500

Median age

44

Daytime population

152,041

5-yr growth

4.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2931 LINE 34 HIGHWAY, Stratford.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.