2931 Line 34 Highway, Stratford - Business for Sale
2931 Line 34 Highway, Stratford, Ontario, N5A6S5
This business in Stratford is for sale. It has been on the market 49 days, fresher than the Stratford average of 104 days.
Description
RARE 2.7-ACRE OPPORTUNITY JUST OUTSIDE STRATFORD! Featuring three detached homes, a horse barn, workshop, ample parking, and exceptional income and lifestyle potential. The primary bungalow offers over 4,500 sq. ft. of finished living space with 7 bedrooms, eat-in kitchen, sunroom, family room with gas fireplace, formal living and dining rooms. Finished basement includes a21' x 25' recreation room with fireplace, kitchen, 2 bedrooms, office and den. A 33' x 13"workshop with walk-up access to the double garage provides excellent space for hobbies, trades, storage or additional uses. Two additional detached homes, with 2 and 3 bedrooms respectively, each feature separate heatand hydro, offering excellent flexibility and rental income potential. Combined potential rental income is estimated at approximately $48,000 annually. The 31' x 22' horse barn includes6 stalls, hay loft and water. Multiple possibilities: live in the main home and rent the additional homes, accommodate extended family, create a multi-generational setup, operate a home-based business or explore other residential/commercial opportunities, subject to zoning and municipal approvals. Generous acreage provides space, privacy and flexibility while remaining close to Stratford amenities. Early possession may be available. Buyer and buyer's agent to conduct their own due diligence regarding zoning, permitted uses and future development potential. Contact your REALTOR today for details and a private viewing. (id:66096)
Property Details
- MLS®
- X13794384
- Property Type
- Business
- Zoning
- c3
- Parking
- 20
- Lot Size
- 2.76 acres
- Frontage
- 265 ft
- Heating
- Baseboard heaters
- Cooling
- Fully air conditioned
- Property Tax
- $6,470.55/yr
- Listed
- 49 days ago
Services
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 49 days on market, against an average age of 104 days across the listings currently for sale in this city
This business in Stratford has been listed for 49 days, which is 55 days fresher than the city average of 104. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5A)
This home lists at $1,549,000, about 20.1× the local median household income of $77,000.
Carrying it typically needs a household income of about $302,574 (20% down, 25-yr amortization, stress-tested) — roughly 293% above the area median.
- Median household income
- $77,000
- Population
- 32,898
- Median age
- 46.4
- Owner / renter
- 66% / 35%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA N5A)
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$1,549,000
Stratford