$550,000
5.90 BTC
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31 Bay Street, Stratford
$550,000
PRICE
3 + 1
BEDROOMS
3
BATHROOMS
X13426542
MLSID

31 Bay Street, Stratford

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
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Summary

Address
31 Bay Street
Community
MLSID
X13426542
Property Type
Duplex
Property Category
Bedrooms
3 + 1
Bathrooms
3
Kitchens
2
Zoning
R2-2
Taxes (Annual)
$4,182.00
Tax Year
2025
Published
June 10, 2026
Days on Market
19 Days
Possession Type
Immediate
Possession Details
Flexible/Immediate
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Details

Bathroom 1
3-Piece Main Level
Bathroom 2
4-Piece Main Level
Bathroom 3
4-Piece Upper Level
Basement
Unfinished
Interior Features
Accessory Apartment
Parking Spaces
5
Parking Total
5
Architectural Style
2 1/2 Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
40 Feet
Lot Depth
118 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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