228 Nile Street Stratford, Ontario N5A 4E9
$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:53282)
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
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Joshua Damaren
Salesperson
196 Victoria St. S.,
Kitchener, Ontario N2G 2B9
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October 31 2024 05:46:38
Flux Realty