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98 William Street in Perth: Stratford Commercial for sale : MLS®# X12285863

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98 William Street
Stratford Perth N5A 4Y1

$3,499,000 /For Sale
Commercial

Main Photo: 98 William Street in Perth: Stratford Commercial for sale : MLS®# X12285863
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12285863
Bus Major:
Apts - 13 To 20 Units
Prime Investment Opportunity 18-Unit Apartment Building at 98 William St, Stratford! This well-maintained 18-unit residential apartment building at 98 William Street offers a rare chance to acquire a stabilized asset in the heart of Stratford, one of Ontarios most charming and vibrant cities. Known for its world-renowned Stratford Festival, thriving arts and culinary scene, historic downtown, and beautiful parks along the Avon River, Stratford attracts both residents and visitors seeking a high quality of life. Situated in a quiet, established neighbourhood surrounded by high-value homes, the property is also close to shopping, dining, transit, and all amenities.Constructed of solid brick with a flat roof, the building features a rare accessible elevator serving from the basement to the third floor an uncommon convenience in buildings of this era. It offers a mix of one- and two-bedroom units, several updated with modern kitchens, bathrooms, and flooring, and all with new patio doors (2019). Six units have been rented at market rates since January 2024, reflecting strong demand and upside potential.Residents enjoy on-site laundry, patios or balconies, 12 underground private parking spaces, surface parking, and fibre optic internet access. A large garage maintenance area and spacious boiler room provide excellent utility and storage space for management.Updates include a new roof (2014), boiler (2017), and regular elevator maintenance. Current gross income is strong, with room to grow as more units turn over to market rents.This is a fantastic Class C multifamily investment with low turnover, excellent retention, and a proven track record of stable cash flow ideal for investors seeking scale, quality, and long-term potential in Stratfords thriving market. Contact us today for a detailed information package and financials available to qualified buyers upon request.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
15899 sq. ft. Acres
Total Area:
15,899.4 sq. ft.
Depth:
132'5"
Frontage:
122'
Bathrooms:
19.0
Water supply:
Municipal
Zoning:
R5(1)
Heating type:
Gas Hot Water
Garage:
Underground
Parking Spaces:
20
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Assessment:
$1,469,000
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$45,308 / 2025
Assessment:
$1,469,000.00 / 2025
Stratford
Stratford
Perth
NONE
Owner Owned unit Appliances
NONE
Public
Utilities:
Yes
Sewers:
Sanitary
Air Conditioning:
No
Seller Property Info Statement:
No
Financial Statements:
Yes
Property Management Company:
NONE
Major Business Type:
Apts - 13 To 20 Units
Category:
Apartment
Chattels:
No
Outside Storage:
No
Date Listed:
Jul 15, 2025
Original Price:
$3,499,000
  • Photo 1: 98 William Street in Perth: Stratford Commercial for sale : MLS®# X12285863
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Listed by Royal LePage Hiller Realty
Data was last updated July 16, 2025 at 06:15 AM (UTC)
DARYL KING
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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