196 Nile Street, Stratford ON

About 196 Nile Street

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:56071). Get more information on 196 Nile Street

Property Features

Appliances:  Water Heater
Rental Equipment:  Water Heater
Fireplace Total:  1
Directions:  Cross Streets: Milton and Nile Streets. ** Directions: Nile street to Milton street.
Zoning Description:  R2(2)
Interior Size:  3500 - 5000 sqft
Amenities:  Separate Heating Controls, Separate Electricity Meters
Lot:  86 x 66 FT 86 x 66 FT
Exterior Finish:  Aluminum siding
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age: 
Foundation: Stone
Basement:  Crawl space

Rooms & Sizes

Bedroom Second level 2.8 m x 3.76 m	Bathroom Second level 2.64 m x 2.5 m	Foyer Second level 1.85 m x 5.52 m
Bedroom Second level 4.72 m x 2.65 m	Bedroom Second level 2.76 m x 4.54 m	Bathroom Second level 2.67 m x 3.61 m
Bedroom Second level 4.53 m x 3.65 m	Bedroom Second level 4.6 m x 3.16 m	Bathroom Second level 2.03 m x 2.64 m
Bedroom Second level 2.89 m x 4.65 m	Bedroom Second level 3.58 m x 3.39 m	Other Ground level 4.52 m x 3.2 m
Living room Ground level 3.63 m x 4.07 m	Dining room Ground level 3.27 m x 2.7 m	Kitchen Ground level 3.26 m x 2.93 m
Laundry room Ground level 4.24 m x 3.81 m	Foyer Ground level 4.17 m x 1.76 m	Foyer Ground level 1.43 m x 1.41 m
Dining room Ground level 3.21 m x 2.89 m	Living room Ground level 3.48 m x 3.86 m