$1,099,900

388 DOWNIE STREET, Stratford, Ontario, N5A 1X6

MLS® # X12680506

Stratford ON, N5A 1X6

MLS® # X12680506

Property Information:

A rare chance to own a storied piece of Stratford history. The former Avon Hotel, dating to the mid-1800s, offers approx. approx 10,000 sq ft on a prime corner lot with two frontages on busy Downie Street. Located within walking distance to Downtown, the VIA Rail station, new bus terminal, University of Waterloo and Conestoga College campus, Avon Theatre, skate park and the future Community Hub. This 3-storey 19th-century building has undergone some rehabilitation and is looking for its next owner's vision. Potential for two commercial lease spaces on the main floor, and the vacant upper floors are ready for residential redevelopment. Zoned Highway Commercial C2-18. Offered as-is, where-is. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 10500 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Features: Irregular lot size
Floor Space (approx): 10500 Square Feet
Irregular: Yes
Lot Depth: 109 Feet
Lot Frontage: 122 Feet
Lot Size: 0.27 Acres
Zoning: C2-18

Courtesy of: Sutton Group - First Choice Realty Ltd.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 388 DOWNIE STREET, Stratford, Ontario, N5A 1X6

Lifestyle
Neighbourhood

Demographic Information of 388 DOWNIE STREET, Stratford, Ontario, N5A 1X6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$97,960.51

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.07 %

High school certificate or equivalent

37.18 %

Apprenticeship trade certificate/diploma

6.08 %

College/non-university certificate

20.06 %

University certificate (below bachelor)

0.75 %

University Degree

16.86 %

Commuter

Travel To Work

By Car

85.38 %

By Public Transit

0.39 %

By Walking

8.26 %

By Bicycle

1.16 %

By Other Methods

4.81 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

14.72 %

Houses

85.28 %

Own Vs. Rent