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:49269)
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 Sqft |
| 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
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May 05 2026 03:33:19
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Sutton Group - First Choice Realty Ltd.