516 HURON STREET, Stratford, Ontario, N5A5T7

Property Description

Prime freestanding commercial investment with strong frontage, diversified tenancy, and defined upside. This well-located multi-tenant building offers approximately 6,351 sq. ft. of rentable area (excluding common areas) and a functional mix of professional and commercial users.The property is currently occupied by three tenants, providing immediate income with clear near- and medium-term repositioning potential. Two units are leased on a gross rent basis, while the largest unit is structured net, offering flexibility for expense recovery and future leasing strategy. A lower-level component is scheduled to be vacated in April 2026, creating a clear value-add opportunity for re-leasing, expansion, or owner-occupier use.Operating expenses are at approximately $8.98 per sq. ft. The building's layout, scale, and exposure make it suitable for a wide range of professional, financial, medical, or service-oriented users. An ideal acquisition for investors seeking stable cash flow with upside, or end users planning future occupancy while benefiting from interim income. (id:64974)

Quick Facts

• Property Type: Offices
• Bedrooms: None
• Bathrooms: None
• Living Area: 7,000 sq ft (650.3 m²)
• Frontage: 154 ft (47 m)

Costs

• Annual Taxes: $24,098.00 (2025)

Listing Provided by: Royal LePage Hiller Realty
Board: OnePoint Association of REALTORS®
Data provided via CREA DDF®.