Description
Price : $649,900.00 MLS® : X13083770 / 196 Nile Street, Stratford, ON N5A 4E6
Rare investment opportunity on Nile Street! This impressive Victorian triplex in the heart of Stratford offers a perfect blend of historic charm, exceptional stability, and immediate value-add potential. The property features three spacious townhouse-style units, 192, 194 and 196 Nile Street Stratford. The largest of the 3 units at 196 Nile is a 1,400 sq. ft. 3 bedroom home that underwent significant renovations in 2023, including all-new permitted electrical, plumbing, and HVAC, plus the addition of a second full bathroom and updated windows. For those investors looking to maximize returns, a permit has been submitted to split this unit into two dwellings; with some work already completed. The building further benefits from two incredibly stable, long-term tenancies. 192 Nile is an 1,100 sq. ft. 2 bedroom end-unit featuring a large, fully fenced private yard and two parking spots, while 194 Nile offers 1,000 sq. ft. 2 bedroom with two parking spots. Both units (tenanted since 2006 and 2009 respectively) pay their own utilities, keeping overhead low for the landlord. The property is capped with a four-year-old roof featuring 35-year shingles, and while currently wrapped in easy-to-maintain vinyl, the original wood board and batten remains preserved beneath. With a total of five parking spots and the unique opportunity to create a fourth unit, this is a versatile addition to any portfolio in a prime downtown location.
Location Description
Milton and Nile Streets
Property Details
- Community: Stratford
- Property Type: Tenant/Residential Freehold
- Bedrooms: 7
- Bath: 4
- Garages: None
- Annual Property Taxes : $ 5497
Buildig Features
- Foundation Type: Stone
- Counstruction Material : Aluminum Siding
- Total Parking Space : 6
- Parking Type : None
Features
- Heating : Forced AirGas
- Sewer : Sewer ,
Land (Lot Features)
- Frontage: 86 sq.ft
- Land Depth: 66sq.ft
Listing Contracted With: Sutton Group - First Choice Realty Ltd.