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228 Nile Street Stratford, Ontario N5A 4E9

4 Bedroom 2 Bathroom 1630.42 sqft
Wall Unit Forced Air

$499,900

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! (id:51300)

Property Details

MLS® Number 40671799
Property Type Multi-family
AmenitiesNearBy Park, Place Of Worship, Playground
EquipmentType Water Heater
ParkingSpaceTotal 2
RentalEquipmentType Water Heater
Structure Shed, Porch

Building

BathroomTotal 2
BedroomsTotal 4
BasementDevelopment Unfinished
BasementType Crawl Space (unfinished)
ConstructedDate 1885
CoolingType Wall Unit
ExteriorFinish Brick
FoundationType Stone
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 1630.42 Sqft
Type Duplex
UtilityWater Municipal Water

Land

AccessType Road Access, Rail Access
Acreage No
FenceType Partially Fenced
LandAmenities Park, Place Of Worship, Playground
Sewer Municipal Sewage System
SizeDepth 70 Ft
SizeFrontage 30 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R2

https://www.realtor.ca/real-estate/27601811/228-nile-street-stratford

Joshua Damaren
Salesperson


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