haho.ca
$2,389,000
For sale

9 Cobourg Street, Stratford - Business for Sale

9 Cobourg Street, Stratford, Ontario, N5A3E4

7 baths3 parking5,082 ft²Listed 60 days ago
Overview

This business in Stratford is for sale offering roughly 5,082 sq ft of space. It has been on the market 60 days, fresher than the Stratford average of 104 days.

Description

Overlooking Lake Victoria in the heart of downtown Stratford, this remarkable property sits steps from the theatres, shops, cafes and restaurants the city is celebrated for. Originally home to the renowned Rundles restaurant, the building dates to 1884 with renovations completed in 2001 by acclaimed architects Shim-Sutcliffe, drawing influence from Tadeo Ando, Carlo Scarpa and Alvar Aalto. A full conversion in 2022 brought all new electrical, plumbing, lighting and HVAC systems. A concrete ramp beneath a continuous skylight leads to the Sake Salon, a generous living and dining space with exposed trusses, steel beams, a wood burning fireplace inglenook flanked by custom fir daybeds and sweeping lake views. The kitchen features a 12 foot Corian island, custom fir cabinetry, Subzero fridge, JennAir dual fuel range, Fischer Paykel dish drawers, steam oven, wine fridge and Le Corbusier pendant fixtures, overlooking a rear courtyard garden. The second level offers a lounge with fir cabinetry, laundry with two washers and a dryer, and connects to the Garden Suite with bespoke wall coverings, coffee station, 3 piece porcelain bath and a private covered porch. The basement provides two 2 piece bedrooms, ample storage and mechanical equipment. The upper floor is reached by a custom steel and fir staircase. The main bedroom has lake views, custom carpeting and a 5 piece ensuite. The Onsen bedroom features a Japanese cedar soaking tub with lake views and cedar floors. The Garret Studio offers a kitchenette, gas fireplace, integral bed and cabinetry, 5 piece ensuite and a private roof deck, with its own York Lane access and parking. Currently operating as a boutique inn listed with Tablet Hotels and the Michelin Guide, the C3-11 zoning allows for a full range of commercial and residential uses. (id:66096)

Property Details

MLS®
X13748990
Property Type
Business
Zoning
C3-11
Bathrooms
7
Parking
3
Interior Size
5,082 ft²
Lot Size
24 × 73 ft (1,772 sq ft)
Frontage
24 ft
Heating
Radiant heat
Cooling
Fully air conditioned
Garage
Other
Waterfront
Yes
Property Tax
$1,453.03/yr
Listed
60 days ago

Features

Appliances
Wine Fridge, Range, Oven, Cooktop, Window Coverings
Lot Features
Irregular lot size

Services

Water
Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
60d
Stratford listings, avg age
104d
Price / ft²
$470
List price
$2.39M

Long Listed: 60 days on market, against an average age of 104 days across the listings currently for sale in this city

Haho

This business in Stratford has been listed for 60 days, which is 44 days fresher than the city average of 104. Act while there is still low competition.

Listed by CORCORAN HORIZON REALTY · CLIFF C. REGO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5A)

This home lists at $2,389,000, about 31.0× the local median household income of $77,000.

Carrying it typically needs a household income of about $466,655 (20% down, 25-yr amortization, stress-tested) — roughly 506% 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)

$2,389,000· $470/ft²
For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

By requesting this showing you agree that haho.ca and the local agent who follows up may contact you about this and similar properties. Unsubscribe from any message.

Your details go only to the agent who follows up. No spam, unsubscribe anytime.

Financing

Buying this business?

Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.

Ask about acquisition financing →

$2,389,000

Stratford

Book a showing