196 Nile Street Stratford, Ontario N5A 4E6

$649,900

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:19593)

Property Details

MLS® Number	X13083770
Property Type	Multi-family
Community Name	Stratford
Equipment Type	Water Heater
Parking Space Total	6
Rental Equipment Type	Water Heater

Building

Bathroom Total	4
Bedrooms Above Ground	7
Bedrooms Total	7
Amenities	Separate Heating Controls, Separate Electricity Meters
Appliances	Water Heater
Basement Type	Crawl Space
Cooling Type	Central Air Conditioning
Exterior Finish	Aluminum Siding
Fireplace Present	Yes
Fireplace Total	1
Foundation Type	Stone
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	3,500 - 5,000 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	66 Ft
Size Frontage	86 Ft
Size Irregular	86 X 66 Ft
Size Total Text	86 X 66 Ft
Zoning Description	R2(2)

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Bedroom	2.8 m	3.76 m	2.8 m x 3.76 m
Second Level	Bathroom	2.64 m	2.5 m	2.64 m x 2.5 m
Second Level	Foyer	1.85 m	5.52 m	1.85 m x 5.52 m
Second Level	Bedroom	4.72 m	2.65 m	4.72 m x 2.65 m
Second Level	Bedroom	2.76 m	4.54 m	2.76 m x 4.54 m
Second Level	Bathroom	2.67 m	3.61 m	2.67 m x 3.61 m
Second Level	Bedroom	4.53 m	3.65 m	4.53 m x 3.65 m
Second Level	Bedroom	4.6 m	3.16 m	4.6 m x 3.16 m
Second Level	Bathroom	2.03 m	2.64 m	2.03 m x 2.64 m
Second Level	Bedroom	2.89 m	4.65 m	2.89 m x 4.65 m
Second Level	Bedroom	3.58 m	3.39 m	3.58 m x 3.39 m
Ground Level	Other	4.52 m	3.2 m	4.52 m x 3.2 m
Ground Level	Living Room	3.63 m	4.07 m	3.63 m x 4.07 m
Ground Level	Dining Room	3.27 m	2.7 m	3.27 m x 2.7 m
Ground Level	Kitchen	3.26 m	2.93 m	3.26 m x 2.93 m
Ground Level	Laundry Room	4.24 m	3.81 m	4.24 m x 3.81 m
Ground Level	Foyer	4.17 m	1.76 m	4.17 m x 1.76 m
Ground Level	Foyer	1.43 m	1.41 m	1.43 m x 1.41 m
Ground Level	Dining Room	3.21 m	2.89 m	3.21 m x 2.89 m
Ground Level	Living Room	3.48 m	3.86 m	3.48 m x 3.86 m
Ground Level	Foyer	3.95 m	1.96 m	3.95 m x 1.96 m
Ground Level	Kitchen	3.7 m	2.3 m	3.7 m x 2.3 m
Ground Level	Dining Room	3.54 m	3.54 m	3.54 m x 3.54 m
Ground Level	Kitchen	2.81 m	1.97 m	2.81 m x 1.97 m
Ground Level	Laundry Room	3.88 m	3.41 m	3.88 m x 3.41 m
Ground Level	Office	3.88 m	1.99 m	3.88 m x 1.99 m
Ground Level	Living Room	3.58 m	3.74 m	3.58 m x 3.74 m
Ground Level	Bathroom	2.23 m	1.88 m	2.23 m x 1.88 m
Ground Level	Other	1.5 m	3.68 m	1.5 m x 3.68 m
Ground Level	Laundry Room	1.72 m	1.62 m	1.72 m x 1.62 m
Ground Level	Foyer	3.73 m	1.82 m	3.73 m x 1.82 m

https://www.realtor.ca/real-estate/29701293/196-nile-street-stratford-stratford