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228 Nile Street Stratford, ON N5A 4E9
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Key Details
Sold Price $499,900
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,630 sqft
Price per Sqft $306
MLS Listing ID 40671611
Sold Date 01/24/25
Style Two Story
Bedrooms 4
Full Baths 2
Abv Grd Liv Area 1,630
Originating Board Waterloo Region
Year Built 1885
Annual Tax Amount $3,383
Property Sub-Type Detached
Property Description
Prime Income Property in the Heart of Stratford! Discover an investor's dream with this cash-flowing duplex, located in the picturesque town of Stratford. This solid brick, two-storey home boasts two spacious 2-bedroom units, each with a full bathroom in-suite laundry and separated utilities, ensuring tenant convenience and satisfaction. Currently, one unit is tenanted with long-term occupants paying fair market value, while the other is vacant, offering flexibility—rent both units or occupy one and let the other support your mortgage. Perfectly situated near downtown, tenants will love the walkable access to local shops, restaurants, public transit, and essential amenities. With separate utilities and tenants covering their own costs, this low-maintenance property is ideal for investors seeking a stress-free income generator. Whether you're a seasoned investor or new to the game, this Stratford gem is a rare opportunity you don't want to miss!
Location
Province ON
County Perth
Area Stratford
Zoning R2
Direction South off Guelph Street onto Nile Street
Rooms
Other Rooms Shed(s)
Basement Other, Crawl Space, Unfinished
Kitchen 2
Interior
Interior Features Separate Heating Controls, Separate Hydro Meters
Heating Forced Air, Natural Gas
Cooling Wall Unit(s)
Fireplace No
Appliance Water Heater, Dryer, Refrigerator, Stove, Washer
Laundry In-Suite, Main Level, Upper Level
Exterior
Parking Features Exclusive, Right-of-Way
Fence Fence - Partial
Roof Type Asphalt Shing
Porch Deck, Patio, Porch
Lot Frontage 30.0
Lot Depth 69.5
Garage No
Building
Lot Description Urban, Rectangular, Library, Park, Place of Worship, Playground Nearby, Rail Access, Trails
Faces South off Guelph Street onto Nile Street
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Two Story
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 531110011
Ownership Freehold/None
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