



$1,799,999
Stratford
676 Lorne Avenue East, Stratford, Ontario, N5A6S5
This retail property in Stratford is for sale. It has been on the market 51 days, fresher than the Stratford average of 103 days.
TURNKEY AUTOMOTIVE OPPORTUNITY IN STRATFORD! Established car lot operation at this location forapproximately 20 plus years, offering an exceptional opportunity for an automotive user,investor, or owner-operator. Situated on approximately 1.5 acres, the property features ampleparking and a functional setup designed for vehicle sales, repair, detailing, and relatedautomotive uses.The property includes 2 offices and 2 drive-in garages. The first garage features 5 drive-indoors, providing excellent flexibility for multiple repair and detailing operations to runsimultaneously. The second garage includes a washroom, office, mezzanine, and 2 hoists,offering additional workspace and storage. Ample on-site parking provides plenty of room forvehicle inventory and customer parking.Located on the east side of thriving Stratford, the property is positioned directly along thelatest planned route for the new Highway 7/8, providing excellent future connectivity andexposure. The site also backs onto a golf course, adding to its unique setting.The existing 1.5-acre site offers strong potential for continued automotive use while alsopresenting an attractive future redevelopment opportunity, subject to municipal approvals anddue diligence.A rare combination of established automotive infrastructure, generous land, multiple drive-indoors, hoists, parking, and future potential. Excellent opportunity for an automotive operator,investor, or developer! Seller has plans/drawings for a proposed expansion to approximately 15,000 sq. ft. Property hasan appraised value of approximately $2.7M. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 51 days on market, against an average age of 103 days across the listings currently for sale in this city
This retail in Stratford has been listed for 51 days, which is 52 days fresher than the city average of 103. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,799,999, about 23.4× the local median household income of $77,000.
Carrying it typically needs a household income of about $351,603 (20% down, 25-yr amortization, stress-tested) — roughly 357% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5A)
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