$649,900
FOR SALE

Triplex 2-Storey

Bedrooms: 7Bathrooms: 4Lot: 86 x 66 ft
2025 Taxes: $5,497

196 Nile St
Stratford, ON N5A 4E6 | Perth

Rare investment opportunity on Nile Street! This impressive Victorian triplex in the heart of Stratford offers a perfect blend of historic charm, exceptional stability, and immediate value-add potential. The property features three spacious townhouse-style units, 192, 194 and 196 Nile Street Stratford. The largest of the 3 units at 196 Nile is a 1,400 sq. ft. 3 bedroom home that underwent significant renovations in 2023, including all-new permitted electrical, plumbing, and HVAC, plus the addition of a second full bathroom and updated windows. For those investors looking to maximize returns, a permit has been submitted to split this unit into two dwellings; with some work already completed. The building further benefits from two incredibly stable, long-term tenancies. 192 Nile is an 1,100 sq. ft. 2 bedroom end-unit featuring a large, fully fenced private yard and two parking spots, while 194 Nile offers 1,000 sq. ft. 2 bedroom with two parking spots. Both units (tenanted since 2006 and 2009 respectively) pay their own utilities, keeping overhead low for the landlord. The property is capped with a four-year-old roof featuring 35-year shingles, and while currently wrapped in easy-to-maintain vinyl, the original wood board and batten remains preserved beneath. With a total of five parking spots and the unique opportunity to create a fourth unit, this is a versatile addition to any portfolio in a prime downtown location.
Extras
Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water Heater
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Listed By Sutton Group - First Choice Realty Ltd.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13083770
Last Updated May 09, 2026
Property Summary
Property Type Triplex

More like this:
PIN 531180042
Legal Description PT LT 26 PL 75 STRATFORD AS IN R344694 ; STRATFORD
Possession Date TBD
Taxes (2025) $5,497
Directions/Cross Streets Milton and Nile Streets
Neighbourhood Stratford
Area Perth
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On West
Special Designations Unknown
Bedrooms 7
Bathrooms 4
Lot 86 x 66 ft
Exterior Aluminum Siding
Air Conditioning Central Air, None
Fireplace/Stove Y
Basement Crawl Space
Garage Type None
Parking Spaces 6
Heat Source Electric
Heat Type Baseboard
Sewers Sewer

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