196 Nile Street, Stratford, ON N5A 4E6
Stratford, ON, N5A 4E6 · Stratford
About this property
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.
Features & Amenities
- Basement: Crawl Space
- Garage: None
- Cooling: Central Air, None
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Aluminum Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Triplex |
| Architectural Style | 2-Storey |
| Bedrooms | 7 |
| Bathrooms | 4 |
| Basement | Crawl Space |
| Garage | None |
| Parking Spaces | 6 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | Central Air, None |
| Sewer | Sewer |
| Annual Tax | $5,497 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water Heater
- Fireplace
- Yes
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Aluminum Siding
- Foundation Details
- Stone
- Roof
- Asphalt Shingle, Metal
- Basement
- Crawl Space
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- Central Air, None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 6
- Parking Total
- 6.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 66.00
- Lot Width
- 86.00
Financial & Tax
- Tax Annual Amount
- $5,497
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBD
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 31
- Kitchens Above Grade
- 3
- Kitchens Total
- 3
- Bedrooms Above Grade
- 7
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Perth
- Cross Street
- Milton and Nile Streets
- Directions
- Nile street to Milton street
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
196 Nile Street, Stratford, ON N5A 4E6, Stratford, ON, N5A 4E6