196 Nile Street, Stratford, ON N5A 4E6, Stratford, ON, N5A 4E6
MLS: X13083770 | Triplex
$649,900
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.
Quick Facts
- Property Type: Triplex
- Style: 2-Storey
- Bedrooms: 7 (7 above)
- Bathrooms: 4
- Fireplaces: 1
- Parking: 6.0 spaces (Private)
Costs
- Annual Taxes: $5,497.00 (2025)
Listing Provided by: Sutton Group - First Choice Realty Ltd.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Central Air, None
- Basement: Crawl Space
Exterior & Construction
- Style: 2-Storey
- Roof: Asphalt Shingle, Metal
- Construction: Aluminum Siding
- Foundation: Stone
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: R2(2)
Community & Neighbourhood
- Neighbourhood: Stratford
Listing Information
Listing History
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196 Nile Street, Stratford, ON N5A 4E6, Stratford, ON, N5A 4E6