For Sale

$1,999,000

516 HURON STREET , Stratford, Ontario N5A5T7

Remarks

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:27)

Property Summary

  • Neighbourhood: Stratford
  • Lot Frontage: 154.1 Feet
  • Lot Depth: 122.3 Feet
  • Lot Size: 154.12 x 122.36 FT
  • Floor Space (approx): 7000 Square Feet
  • Zoning: C2

Property Features:

  • Property Type:
    Office

Building Features:

  • Appliances:
    []
  • Building Type:
    Offices
  • Cooling Type:
    Fully air conditioned
  • Heating Fuel:
    Natural gas , Electric
  • Heating Type:
    Forced air , Forced air

Office Listing: 

Mark Thibeault - Sales Representative  ,  William Thibeault - Real Estate Agent

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