$649,900
6.98 BTC
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196 Nile Street, Stratford
$649,900
PRICE
7
BEDROOMS
4
BATHROOMS
X13083770
MLSID

196 Nile Street, Stratford

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.
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Summary

Address
196 Nile Street
Community
MLSID
X13083770
Property Type
Triplex
Property Category
Bedrooms
7
Bathrooms
4
Kitchens
3
Zoning
R2(2)
Taxes (Annual)
$5,497.00
Tax Year
2025
Published
May 5, 2026
Days on Market
20 Days
Possession Type
Flexible
Possession Details
Tbd
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Inclusions

All landlord owned appliances.

Exclusions

All tenant owned appliances and personal belongings, including tenant pool.

Details

Basement
Crawl Space
Interior Features
Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water Heater
Parking Spaces
6
Parking Total
6
Parking Features
Private
Architectural Style
2-Storey
Roof
Asphalt Shingle, Metal
Construction Materials
Aluminum Siding
Lot Width
86 Feet
Lot Depth
66 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with Sutton Group - First Choice Realty Ltd.
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