258 ONTARIO STREET, Stratford, Ontario, N5A3H5

Property Description

A rare opportunity to own a beautiful, historic mixed-use commercial/residential property located on Main Street in Stratford, Ontario. Prime, high-visibility location with excellent street presence and signage.The upper level features a spacious two-bedroom apartment complete with in-suite washer and dryer, offering comfortable residential living or strong rental potential. The main and second floors were previously occupied by a law office that relocated solely to accommodate a need for additional space.Extensively updated throughout, the property has undergone significant improvements, including complete replacement of former knob-and-tube electrical wiring, installation of new high-efficiency lighting, Ethernet cabling run to all rooms, patching and repainting of most of the building, new flooring throughout the entire upper unit and select areas of the main floor, and new toilets in both bathrooms along with updated fixtures in the lower-level bathroom.This is an excellent income-producing property offering the flexibility to own and operate your business on-site while benefiting from supplemental residential rental income. Ideal for entrepreneurs seeking the perfect work-life balance.Zoned MUR, permitted uses include residential and a wide range of business opportunities such as professional or medical offices, clinics, studios, personal care establishments, day spa, pet grooming, private or commercial schools, and more.Conveniently located close to all amenities including downtown shopping, Stratford Festival Theatres, restaurants, schools, and parks. The property also features a private parking lot accommodating seven or more vehicles.A truly versatile investment with exceptional visibility in one of Stratford's most desirable areas. (id:64974)

Quick Facts

• Property Type: Other
• Bedrooms: 2 (2 above)
• Bathrooms: 2 (1 half)
• Parking: 7 spaces (No Garage)
• Frontage: 43 ft (13.2 m)

Costs

• Annual Taxes: $5,765.51

Listing Provided by: SUTTON GROUP REALTY SYSTEMS INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.