676 LORNE AVENUE E, Stratford
$1,999,999
For sale: Other
- Property type
- Commercial Retail
- MLS®
- MLS® X13782412
- Neighbourhood
- Stratford
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.
Sold data
Homes in Stratford — recent sold market
Homes in Stratford took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 59, across 104 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 41 days.
The median sale price was $562,500.
Homes sold for about 1.5% below asking on average, so there was room to negotiate.
About 17% of sales closed above the list price.
Around 33% of sellers reduced their price before finding a buyer.
- Median days to sell
- 32
- Median sale price
- $562,500
- Sale-to-list ratio
- 98.5%
- Sold above asking
- 17%
Based on 104 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Stratford
Stratford has 13 Fraser Institute–rated schools (11 elementary and 2 secondary), averaging 5.8/10.
- Rated schools
- 13
- Elementary
- 11
- Secondary
- 2
- Average rating
- 5.8 / 10
Top-rated schools in Stratford
- St Aloysius — elementaryFraser rating 7.4/10
- St. Michael — secondaryFraser rating 7.0/10
- St Ambrose — elementaryFraser rating 6.9/10
- St Joseph — elementaryFraser rating 6.9/10
- Bedford — elementaryFraser rating 6.8/10
- Jeanne Sauvé — elementaryFraser rating 6.4/10
School ratings from the Fraser Institute's Ontario school report cards.
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