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    For Sale - 196 Nile Street, Stratford, Ontario

    Est payment $3,121/mo
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    Time on Jump  2 day

    AI Summary *

    • Historic Victorian triplex with three spacious townhouse-style units in downtown Stratford.
    • Recent renovations at 196 Nile include updated electrical, plumbing, HVAC, and a new bathroom.
    • Stable long-term tenants since 2006 and 2009, keeping overhead low for landlords.
    • Potential to split the largest unit into two for added rental income.
    • Five parking spots and preserved original features enhance the property's charm and functionality.




    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.
    Listing IDX13083770
    Address196 Nile Street
    CityStratford, Ontario
    Price$649,900
    Bed / Bath7 / 4 Full
    Style2-Storey, Triplex
    ConstructionAluminum Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water HeaterOwnership FreeholdBasement Crawl SpaceFoundation StoneHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Agency:  Sutton Group - First Choice Realty Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    196 Nile Street
    Stratford , Ontario
    7 4 $649,900
    Get more info