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228 NILE Street, Stratford, Ontario

$499,900

4 Beds
2 Baths
1,630 Square Feet

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:23309)

Listing ID: 40671611
Property Type: Single Family
Year Built: 1885

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Rooms

Level	Type	Dimensions
Living room	Second level	14'11'' x 10'7''
Kitchen	Second level	12'3'' x 8'5''
Bedroom	Second level	7'10'' x 7'3''
Bedroom	Second level	11'8'' x 11'2''
4pc Bathroom	Second level	7'6'' x 5'9''
Primary Bedroom	Lower level	12'2'' x 10'0''
Living room	Lower level	18'7'' x 11'11''
Kitchen	Lower level	11'6'' x 12'2''
Bedroom	Lower level	11'10'' x 7'7''
3pc Bathroom	Lower level	11'10'' x 5'2''

Details

Architectural Style: 2 Level
Amenities Nearby: Park, Place of Worship, Playground
Equipment: Water Heater
Ownership: Freehold
Parking Spaces: 2
Rental Equipment: Water Heater
Structure: Shed, Porch
Transaction: For sale
Zoning Description: R2

Building

Appliances: Dryer, Refrigerator, Stove, Washer
Architectural Style: 2 Level
BasementType: Crawl space (Unfinished)
Basement Development: Unfinished
Bedrooms Main Level: 2
Bedrooms Lower Level: 2
Constructed Date: 1885
Construction Style Attachment: Detached
Cooling: Wall unit
Exterior Finish: Brick
Fireplace Present: False
Foundation: Stone
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1630.42 sqft
Stories Total: 2
Type: House
Utility Water: Municipal water

Land

Access Type: Road access, Rail access
Amenities: Park, Place of Worship, Playground
Fence: Partially fenced
Sewer: Municipal sewage system
Size Frontage: 30 ft

Listing provided by Flux Realty
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 228 NILE Street in Stratford Ontario. It was last modified on October 31st, 2024. Contact Stacy Gatensby to schedule a viewing or to discover other Stratford homes for sale.

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