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$649,900
Ontario,Stratford
For Sale Active
196 NILE STREET, Stratford, Ontario N5A4E6
  • 7
  • 4
  • 3500 - 5000Square Feet
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Basic Details
Description

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:59439)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13083770
  • Price: $649,900
  • Bedrooms: 7
  • Bathrooms: 4
  • Square Footage: 3500 - 5000 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 65141
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: Central air conditioning
  • Basement: Crawl space
  • Parking: No Garage
  • Exterior Features: Aluminum siding
  • Sewer: Sanitary sewer
  • Fireplaces Total: 1
Address Map
  • Location: CA, Ontario, Stratford, N5A4E6
  • Street: Nile
  • Street Number: 196
  • Street Suffix: Street
  • Longitude: W81° 1' 22.8''
  • Latitude: N43° 21' 56.3''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 86 x 66 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 5497
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Listing updated: 2026-05-07 06:36:20
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Listing Information
  • List Agent Key: 1627374
  • List Office Key: 65141
  • Modification Timestamp: 2026-05-05T15:40:30Z
  • Originating System Name: OnePoint Association of REALTORS®
  • Status Change Timestamp: 2026-05-05T15:33:19Z
Powered by REALTOR.ca
Listing updated: 2026-05-07 06:36:20
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