74 Cobourg Street

Introducing a remarkable opportunity for investors, this Multi-Family Home for sale in Stratford is a prime triplex investment located at 74 Cobourg Street, Stratford. Nestled just blocks from the vibrant heart of downtown Stratford, this property boasts a strategic position within the community, making it an attractive prospect for both seasoned investors and those looking to enter the property market.

The building itself is a charming multiplex, styled as a 2 1/2 storey structure, with a combination of brick and vinyl siding that enhances its aesthetic appeal. With an impressive age of over 100 years, this property has been well-maintained and reflects the pride of ownership evident throughout. The dimensions of the lot are 36 x 105 feet, providing ample space for the triplex configuration. Although there is no garage, the private double driveway offers parking for two vehicles, ensuring convenience for tenants.

This Multi-Family Home for sale in Stratford comprises three distinct units, each designed with tenant comfort and privacy in mind. The main floor unit, which was renovated in 2020, features one bedroom and a modern three-piece bathroom. This unit showcases upgraded flooring, fresh paint, and a contemporary kitchen complete with quartz countertops. Additionally, it includes a living room and a bonus room that can serve as a second bedroom, as well as a private deck for outdoor relaxation.

On the second floor, the unit offers two bedrooms, a bright sunroom, and a four-piece bathroom. This unit also benefits from a kitchen and a private entrance leading to the front porch, enhancing the sense of independence for its residents.

The basement unit has been thoughtfully rebuilt and renovated between 2018 and 2019. It includes one bedroom along with a multipurpose room that can be used as an office or an additional bedroom. The kitchen is equipped with quartz countertops, and the unit features a newer washer and dryer, fridge, and stove, all added in 2022. The walkout access to the backyard and patio provides a lovely outdoor space for tenants to enjoy.

This Multi-Family Home for sale in Stratford has a total of 15 rooms, including three kitchens, which is a significant advantage for a triplex of this nature. Each unit is equipped with separate hydro and water meters, allowing utilities to be paid directly by the tenants, thus simplifying management for the owner. The property does not have air conditioning or a central vacuum system, nor does it feature a pool or fireplace, but it does have a family room that adds to the communal living experience.

The heating is provided by a baseboard system, and the property is connected to municipal water and sewer services. Internet access is available, ensuring that all modern conveniences are met.

Located in one of Stratford's most desirable neighbourhoods, this Multi-Family Home for sale in Stratford is just steps away from theatres, shops, cafes, schools, parks, and restaurants. Public transit is easily accessible, and the property is only minutes away from the hospital and major highways, making it an ideal location for tenants.

Properties of this nature and in such excellent condition are rarely available in Stratford, particularly given the current demand for rental accommodations. The meticulous maintenance of both the house and grounds further enhances its appeal.

If you are interested in this exceptional investment opportunity, we encourage you to book a private showing today. This Multi-Family Home for sale in Stratford is poised to attract attention and is a must-see for anyone looking to invest in a thriving community. Don’t miss out on the chance to own a piece of Stratford’s real estate market at 74 Cobourg Street, Stratford.

Stratford, located in the vibrant city of Stratford in East London, is a dynamic and rapidly evolving area that beautifully blends urban living with green spaces. Renowned for its impressive transformation following the 2012 Olympics, Stratford boasts a plethora of modern amenities, including the expansive Westfield shopping centre, diverse dining options, and cultural attractions like the Queen Elizabeth Olympic Park. The area is well-connected by public transport, making it easy to access central London and beyond. With a mix of residential developments, parks, and recreational facilities, Stratford offers a lively atmosphere that appeals to families, young professionals, and students alike, making it an exciting place to call home.

Schools in the Neighbourhood

This property is ideally located near several educational institutions, making it a great choice for families. Within a short distance, you will find Romeo Public School, an elementary school offering grades JK to 6, just 0.4 km away, rated at 5.2. For older children, Stratford Intermediate School, catering to grades 7 and 8, is only 0.8 km from the property and has a commendable rating of 7.7. Stratford District Secondary School, which serves grades 9 to 12, is situated 1.9 km away and holds a rating of 5.4. Additionally, Bedford Public School, located 1.3 km away, offers French language instruction for grades 1 to 6 and boasts a rating of 7.2. There are also Catholic schooling options nearby, including Jeanne Sauvé Catholic School, which is 0.4 km away and offers grades JK to 8 in both English and French, although it currently has no rating available. St. Michael Catholic Secondary School is located 2.1 km from the property for secondary education. Overall, this area provides a diverse range of schooling options, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 432 residents, with an average household size of 1.6 individuals. The demographic profile indicates a mature population, with an average age of 54.6 years. The average household income stands at $63,600, although 17% of the population is classified as low-income. The real estate market reflects an average property price of $620,000, with 65% of residents being renters and only 10% living in condominiums. The community is characterized by a significant percentage of single individuals, comprising 54.32% of the population, and a relatively low proportion of households with children at 15%. Additionally, 13.68% of the residents are immigrants, contributing to the area's diversity. Educational attainment is notably high, with 61.54% of residents holding a college or university degree. However, a considerable portion of the population, 53.85%, is not actively participating in the labor force. Overall, this area presents a unique blend of demographic characteristics, highlighting a mature, educated, and diverse community with a predominance of renters and a significant number of single residents.