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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 649,900

Est. payment | -/mo

7 Beds

4 Baths

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$ 649,900

Est. payment | -/mo

Save Virtual Tour

7 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Stratford

MLS Listing ID X13083770

Style 2-Storey

Bedrooms 7

Annual Tax Amount $5,497

Tax Year 2025

Property Sub-Type Triplex

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.

Location

Province ON

County Perth

Area Perth

Zoning R2(2)

Rooms

Family Room No

Basement Crawl Space

Kitchen 3

Interior

Interior Features Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water Heater

Cooling Central Air, None

Fireplaces Number 1

Inclusions All landlord owned appliances.

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle,Metal

Lot Frontage 86.0

Lot Depth 66.0

Total Parking Spaces 6

Building

Foundation Stone

Others

Senior Community No

ParcelsYN No

Virtual Tour https://tours.pictureyourhome.net/2384153?idx=1

Listed by Sutton Group - First Choice Realty Ltd.

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+1(647) 493-3579

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196 Nile ST Stratford, ON N5A 4E6