The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Industrial I-2 zoned building on a fully serviced 0.22 acre lot in south-central Stratford, about eight blocks from the downtown core. Owner-occupied for many years as an automotive repair shop, the property is being offered as the owners consolidate their business under one roof at their second location. The sale is for the real estate only. The single-storey building offers 1,887 sq ft plus a 150 sq ft mezzanine. Two drive-in service bays are served by two 12 x 14 ft overhead doors, with 13 ft clear height in the shop. A reception office, washroom and kitchenette sit at the front. The shop has troweled concrete floors and is heated by a ceiling-suspended natural gas forced air furnace. Electrical service is 200 amp single phase with LED and fluorescent lighting. The owners invested in the building in 2023 with a new roof, windows, both entrance doors, and furnace. Built in 1985 of concrete block, it has been well kept and shows in above-average condition. The lot measures 66.15 x 142.89 ft (9,451 sq ft) with asphalt and gravel parking across the north side and mature trees at the edges. Building coverage is about 20 percent, leaving room for parking, outdoor storage or a future addition, subject to approvals. Full municipal services are in place, including natural gas. The 12 General Industrial zone allows a broad range of uses beyond automotive repair, including motor vehicle body shop, contractor's yard or shop, equipment rental and service, building materials yard, warehouse, service trade and industrial use. Buyers to verify their intended use with the City of Stratford. A practical, ready-to-use building for an owner-operator who wants to stop paying rent, or an investor looking for a well-located industrial holding in a growing city. Stratford sits at the junction of Highways 7/8 and 19, about 50 km from both Kitchener-Waterloo and London.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,883/mo
Mortgage (principal + interest)$2,600
Property taxFrom listing: $3,397/yr$283
Minimum $44,500 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$139,000
Ontario land transfer taxProvincial brackets, no first-time refund$10,375
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$152,175
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Stratford has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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