$649,900
Available - For Sale
Listing ID: X13083770
196 Nile Street , Stratford, N5A 4E6, Perth
| 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. |
| Price | $649,900 |
| Taxes: | $5497.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 196 Nile Street , Stratford, N5A 4E6, Perth |
| Directions/Cross Streets: | Milton and Nile Streets |
| Rooms: | 31 |
| Bedrooms: | 7 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Crawl Space |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Ground | Other | 14.83 | 10.5 | |
| Room 2 | Ground | Dining Ro | 10.53 | 9.48 | |
| Room 3 | Ground | Kitchen | 12.14 | 7.54 | |
| Room 4 | Ground | Living Ro | 11.74 | 12.27 | |
| Room 5 | Ground | Bathroom | 7.31 | 6.17 | |
| Room 6 | Ground | Other | 4.92 | 12.07 | |
| Room 7 | Ground | Laundry | 5.64 | 5.31 | |
| Room 8 | Ground | Foyer | 12.23 | 5.97 | |
| Room 9 | Second | Bedroom | 9.48 | 15.25 | |
| Room 10 | Second | Bedroom | 11.74 | 11.12 | |
| Room 11 | Second | Bedroom | 9.18 | 12.33 | |
| Room 12 | Second | Bathroom | 8.66 | 8.2 | |
| Room 13 | Second | Foyer | 6.07 | 18.11 | |
| Room 14 | Ground | Living Ro | 11.91 | 13.35 | |
| Room 15 | Ground | Dining Ro | 10.73 | 8.86 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Aluminum Siding |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 6 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Square Footage: | 3500-5000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| Sutton Group - First Choice Realty Ltd. |
|
|
Shabbir Khokher
Sales Representative
Dir:
416-831 8132
Bus:
416-270-1111
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Perth |
| Municipality: | Stratford |
| Neighbourhood: | Stratford |
| Style: | 2-Storey |
| Tax: | $5,497 |
| Beds: | 7 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | None |
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