196 Nile Street, Stratford, Ontario N5A 4E6

Listed for:

$649,900

7 beds

4 baths

Listed 12 days ago

Triplex for rent: 196 Nile Street, Stratford, Ontario N5A 4E6

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About

Cross Streets: Milton and Nile Streets. ** Directions: Nile street to Milton street. 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. (id:27476)

Property Highlights

MLS® Number

X13083770

Type

Multi-family

Community Name

Stratford

Land Size

86 x 66 FT

Parking Space Total

Building

Building Type

Triplex

Storeys

2.00

Square Footage

3500 - 5000 sqft

Bathrooms Total

Bedrooms Above Ground

Bedrooms Total

Amenities

Separate Heating Controls, Separate Electricity Meters

Exterior Finish

Aluminum siding

Fireplace Present

Yes

Basement Type

Crawl space

Basement Features

Building Heating Type

Baseboard heaters, Forced air, Other, Not known

Heating Fuel

Electric, Natural gas

Building Cooling Type

Central air conditioning, None

Utilities

Water

Municipal water

Utility Sewer

Sanitary sewer

Room Layout

Bedroom

Second level

2.8 m x 3.76 m

Bathroom

Second level

2.64 m x 2.5 m

Foyer

Second level

1.85 m x 5.52 m

Bedroom

Second level

4.72 m x 2.65 m

Bedroom

Second level

2.76 m x 4.54 m

Bathroom

Second level

2.67 m x 3.61 m

Bedroom

Second level

4.53 m x 3.65 m

Bedroom

Second level

4.6 m x 3.16 m

Bathroom

Second level

2.03 m x 2.64 m

Bedroom

Second level

2.89 m x 4.65 m

Bedroom

Second level

3.58 m x 3.39 m

Other

Ground level

4.52 m x 3.2 m

Living room

Ground level

3.63 m x 4.07 m

Dining room

Ground level

3.27 m x 2.7 m

Kitchen

Ground level

3.26 m x 2.93 m

Laundry room

Ground level

4.24 m x 3.81 m

Foyer

Ground level

4.17 m x 1.76 m

Foyer

Ground level

1.43 m x 1.41 m

Dining room

Ground level

3.21 m x 2.89 m

Living room

Ground level

3.48 m x 3.86 m

Foyer

Ground level

3.95 m x 1.96 m

Kitchen

Ground level

3.7 m x 2.3 m

Dining room

Ground level

3.54 m x 3.54 m

Kitchen

Ground level

2.81 m x 1.97 m

Laundry room

Ground level

3.88 m x 3.41 m

Office

Ground level

3.88 m x 1.99 m

Living room

Ground level

3.58 m x 3.74 m

Bathroom

Ground level

2.23 m x 1.88 m

Other

Ground level

1.5 m x 3.68 m

Laundry room

Ground level

1.72 m x 1.62 m

Foyer

Ground level

3.73 m x 1.82 m

Location

Learn more about this property

Listing provided by:

Sutton Group - First Choice Realty Ltd.

MLS® number:

X13083770

Agent:

Stephanie Theodoropoulos

Phone:

(519) 271-5515

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