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56 ALBERT Street
Stratford Stratford N5A 3K3

$2,499,900 /For Sale
Commercial

Main Photo: 56 ALBERT Street: Stratford Commercial for sale : MLS®# X12552592
Photo 1: 56 ALBERT Street: Stratford Commercial for sale : MLS®# X12552592
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12552592
Bus Major:
Apts - 6 To 12 Units
In the heart of Stratford, 56 Albert St. presents a unique opportunity for investors, entrepreneurs, and anyone seeking a vibrant and dynamic environment. This thoughtfully adapted building offers a blend of residential units, Hotel/Inn space and flexible lower level commercial space, making it ideal for a variety of needs. For those seeking a comfortable and convenient property to add to their portfolio, 56Albert St. boasts eight finished 1-bedroom residential units, as well as 8 Hotel/Inn Units. Residents and patrons will enjoy the benefits of being close to the theatres, local shops, restaurants, and amenities, making this a perfect location for a theatre going getaway, students ,or young professionals. Entrepreneurs and businesses, on the other hand, can leverage the potential of the Lower level spacious commercial area. This area offers a flexible layout, allowing for customization to suit various needs, from retail ventures, restaurant or bar, or professional offices. Additionally, the high-traffic location guarantees optimal visibility and foot traffic, making it an ideal space to establish a thriving presence. Whether as a residential investment property or your ideal commercial space, with additional income generation in the upper levels 56 Albert St. provides a compelling opportunity; the potential for generating consistent income through rental units and Inn and commercial space makes this property an attractive investment option. The prime location offers easy access to transportation and major roadways. Contact your Realtor today to schedule a viewing and explore the possibilities that await you at 56Albert St.!
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
9492 sq. ft. Square Feet
Total Area:
9,492 sq. ft.
Lot Depth:
102'8"
Lot Frontage:
46'6⅛"
Lot Details:
x 46.51
Water supply:
Municipal
Kitchens:
0
Zoning:
C3
Heating type:
Gas Forced Air Closed
Cooling:
No
New Construction:
No
Garage:
None
Possession Details:
Flexible closing available
HST Applicable To Sale Price:
In Addition To
Assessment:
$1,020,000
Assessment Year:
2024
Type Taxes:
Annual
Taxes:
$45,000 / 2025
Assessment:
$1,020,000.00 / 2024
Perth
Stratford
Stratford
Public Transit
Utilities:
Available
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Partial
Seller Property Info Statement:
No
Financial Statements:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Franchise:
No
Hours Open:
0
Employees:
0
Chattels:
Yes
LLBO:
No
Seats:
0
Date Listed:
Nov 17, 2025
Original Price:
Previous Price:
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Listed by Royal LePage Heartland Realty
Data was last updated November 22, 2025 at 12:15 PM (UTC)
DARYL  KING
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1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.