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Active Under Contract
516 Huron ST Stratford, ON N5A 5T7
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Stratford
MLS Listing ID X12662444
Annual Tax Amount $24,098
Tax Year 2025
Property Sub-Type Office
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.
Location
Province ON
County Perth
Area Perth
Zoning C2
Interior
Cooling Yes
Inclusions SOME OFFICE FURNITURE
Exterior
Utilities Available Yes
Lot Frontage 154.12
Lot Depth 122.36
Others
Security Features No
ParcelsYN No
Listed by Royal LePage Hiller Realty
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