54 days on Market

228 Nile St, Stratford, Ontario N5A 4E9

Detached
4
2
~1500-2000 sqft
$499,900
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Detached
4
2
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$291/sqft

Est. Mortgage$2,147/mo

Tax Amount (2024)$3,383/yr

Days On Market54 days


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!


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size2,085 SqFt(69.5 x 30)
Parking Spaces2
MLS ®NumberX9847905
Community NameStratford
Data SourceTRREB
Listing byFLUX REALTY

Features

Heating: Forced Air
Cooling: Wall Unit
Basement: Crawl Space, Unfinished

2nd Floor

Bathroom

2.29 x 1.75

4 Pc Bath

Br

3.56 x 3.40

Br

2.39 x 2.21

Kitchen

3.73 x 2.57


Features

Lot size: 2,085 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by FLUX REALTY, Brokerage
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Population and Demographics

Overview

Total population 31022
Average household income $112,832

Age (%)

65 and plus
24%
50 to 64
21%
0 to 19
19%
35 to 49
18%
20 to 34
17%

Household composition (%)

Single family
62%
Single person
35%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
94%
Others
5%

House tenancy (%)

Owners
66%
Renters
34%

Schools and amenities

Estimated Budget