31 Bay Street, Stratford ON

31 BAY STREET, Stratford NEW LISTING

Brokered by: Home and Company Real Estate Corp Brokerage

MLS®: X13426542 ()

Price: $550,000.00

Address: 31 BAY STREET, Stratford
FOR SALE
Postal Code: N5A4K7
Style: 
Type: Multi-family Duplex
Bedrooms: 4
Bathrooms: 3
Bedrooms Aboveground:  3
Bedrooms Belowground:  1
Parking:  No Garage
Garage: No Garage
Lot Size:   40 ft x 118 ft ,3 in
Property Size:  40 x 118.3 FT
Stories:  2.5


About 31 Bay Street

Turnkey, well-maintained, bright, clean, duplex investment opportunity in a quiet, sought-after Stratford neighbourhood with excellent tenants. Fully leased with current gross annual rental income of $40,800, $3,400 monthly with NOI of ~ $32,100.The lower unit features 1 bedroom, 2 bathrooms, private laundry, and exclusive use of the basement. The upper unit offers 2 bedrooms, 1 bathroom, private laundry, and exclusive use of the finished attic. Both units have been well-maintained over the years and have benefited from thoughtful updates, including renovated kitchens. Tenants pay their own hydro (separately metered 2x100A) and water, while the landlord pays the heat. Additional features include a large backyard, potential for an ADU, storage shed, parking for up to 5 vehicles, two water heaters, and ample storage space. A rare opportunity to acquire a fully leased income property with strong in-place rents, reliable long-term tenants, and attractive investment fundamentals close to schools, parks, downtown amenities, and public transit. Contact your realtor for more details and virtual tour. Roof and balcony completed in 2018; back porch completed in 2024 (id:56071). Get more information on 31 Bay Street

Property Features

Rental Equipment:  Water Heater - Electric, Water Heater
Directions:  Cross Streets: bay and douro. ** Directions: south.
Zoning Description:  R2-2
Interior Size:  2000 - 2500 sqft
Lot:  40 x 118.3 FT 40 x 118.3 FT
Exterior Finish:  Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / None
Age: 100+ years
Foundation: Concrete
Basement:  N/A (Unfinished) Unfinished

Rooms & Sizes

 Den Third level 5.46 m x 6.4 m  Bathroom Main level 2.51 m x 1.06 m  Bathroom Main level 2.9 m x 1.33 m
 Bedroom Main level 3.47 m x 3.56 m  Family room Main level 3.03 m x 3.68 m  Kitchen Main level 4.12 m x 5.12 m
 Living room Main level 4.1 m x 3.41 m  Sunroom Main level 5.51 m x 1.96 m  Kitchen Upper Level 2.91 m x 3.09 m
 Bedroom 2 Upper Level 2.93 m x 3.47 m  Bathroom Upper Level 2.08 m x 1.86 m  Bedroom Upper Level 2.9 m x 3.59 m
 Den Upper Level 3.42 m x 3.14 m    

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JD

John DiRenzo

Sales Representative
RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490

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John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.