41
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$649,900
Est. payment /mo
7 Beds
4 Baths
Active Under Contract
196 Nile ST Stratford, ON N5A 4E6
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Stratford
MLS Listing ID X13083770
Style 2-Storey
Bedrooms 7
Annual Tax Amount $5,497
Tax Year 2025
Property Sub-Type Triplex
Property Description
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
Province ON
County Perth
Area Perth
Rooms
Family Room No
Basement Crawl Space
Kitchen 3
Interior
Interior Features Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water Heater
Cooling Central Air, None
Fireplace Yes
Heat Source Electric
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle,Metal
Lot Frontage 86.0
Lot Depth 66.0
Total Parking Spaces 6
Building
Foundation Stone
Others
ParcelsYN No
Virtual Tour https://tours.pictureyourhome.net/2384153?idx=1
Listed by Sutton Group - First Choice Realty Ltd.
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