For Sale: 196 Nile Street, Stratford, ON - REW
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$649,900
7 bd • 4 ba • 3500 - 4999 sf • Multifamily
196 Nile Street
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$649,900
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196 Nile StreetStratford, ON, N5A 4E6

  • 7 Bed
  • 4 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: STEPHANIE THEODOROPOULOS, Salesperson, Sutton Group - First Choice Realty Ltd.

Home facts and features

Price details
List Price
$649,900
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Gross Taxes for 2025
$5,497
Home facts
Bedrooms
7
Full Bathrooms
4
Parking Spaces
6
Parking Details
No Garage
Property Type
Multifamily
Depth
66 feet
Frontage
86.0 feet
Exterior Finish
Aluminum siding
Heating Type
Baseboard heaters, Forced air, Electric, Natural gas, Other
Cooling
Central air conditioning,
Basement Details
Crawl space
Features
Separate Electricity Meters, Separate Heating Controls
Appliances
Water Heater
Agent details
Primary Agent
Primary Broker
Sutton Group - First Choice Realty Ltd.
Secondary Agent
PAUL GRAHAM
Secondary Broker
Sutton Group - First Choice Realty Ltd.
Tertiary Agent
Tertiary Broker
Sutton Group - First Choice Realty Ltd.
Listing details
Days on REW
34 Days
Property Views
16
MLS® Number
X13083770
Source
Canadian Real Estate Association
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Property Insights

Romeo Public School
  • Public
  • JK - 6
Jeanne Sauvé Catholic School
  • Catholic
  • JK - 8
Shakespeare Public School
  • Public
  • JK - 6
Stratford Central School
  • Public
  • 7 - 12
Anne Hathaway School
  • Public
  • JK - 8
St Ambrose School
  • Catholic
  • JK - 8
Hamlet Public School
  • Public
  • JK - 8
St Joseph School
  • Catholic
  • JK - 8
Bedford Public School
  • Public
  • JK - 6
Avon Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
STEPHANIE THEODOROPOULOS
Phone:
(519) 271-5515
Cell:
519-949-4255
Office:
519-271-5515
Broker of Record
PAUL GRAHAM
Phone:
(519) 275-7687
Cell:
519-275-7687
Office:
519-271-5515
Broker
KIM GRAHAM
Phone:
(519) 272-7302
Cell:
519-272-7302
Office:
519-271-5515
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