196 Nile Street, Stratford, ON
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Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Stratford. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $649,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 86 x 66 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
- equipped with central air, none central cooling and highly efficient baseboard heating via electric
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.
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Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water Heater
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Pricing & Value Insights
Data-driven valuation for 196 Nile Street, Stratford, ON N5A 4E6
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Properties in this area are selling at a steady pace.
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