196 Nile Street
Stratford, ON N5A 4E6
- 7Bedrooms
- 4Bathrooms
- 6Parking
- 3500–5000Sq Ft
- $5,497Tax
- 86×66 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 196 Nile Street, Stratford
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-05-05 | 2026-06-30 | Login to See Prices | Sold | x13083770 |
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About 196 Nile Street, Stratford
Summarized Description
- Historic Victorian triplex in downtown Stratford.
- Three spacious townhouse-style units available.
- Significant renovations completed in 2023.
- Potential to split largest unit into two.
- Long-term tenancies ensure stable income.
- Private yard and ample parking spots.
- Easy-to-maintain exterior with preserved charm.
- Great investment opportunity with value-add potential.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $5,497
- Land Transfer Tax Fee
- $9,473
Rental Items
- Rental Equipment
- Unit 194 has a tenant rented water heater.
- Basement Type
- Crawl Space
Interior Features
- Interior Extras
- Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Water Heater
- Fireplace/Stove
- Yes
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Aluminum Siding
- Roof
- Asphalt Shingle, Metal
- Foundation Details
- Stone
- Special Designation
- Unknown
Lot
- Lot Front
- 86.00 ft
- Lot Depth
- 66.00 ft
Inclusions
- Inclusions
- All landlord owned appliances.
Exclusions
- Exclusions
- All tenant owned appliances and personal belongings, including tenant pool.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 6
- Total Garage And Parking Spaces
- 6
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Baseboard
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 7
- Washrooms
- 4
- Kitchens
- 3
Room sizes
- Other—Ground level
- Dining Room—Ground level
- Kitchen—Ground level
- Living Room—Ground level
- Bathroom—Ground level
- Other—Ground level
- Laundry—Ground level
- Foyer—Ground level
- Bedroom—Second level
- Bedroom—Second level
- Bedroom—Second level
- Bathroom—Second level
- Foyer—Second level
- Living Room—Ground level
- Dining Room—Ground level
- Kitchen—Ground level
- Laundry—Ground level
- Foyer—Ground level
- Foyer—Ground level
- Bedroom—Second level
- Bedroom—Second level
- Bathroom—Second level
- Living Room—Ground level
- Foyer—Ground level
- Dining Room—Ground level
- Kitchen—Ground level
- Laundry—Ground level
- Office—Ground level
- Bedroom—Second level
- Bedroom—Second level
- Bathroom—Second level
Washrooms
- 4-piece
- Municipality
- Stratford
- Neighbourhood
- Stratford
- Main cross streets
- Milton and Nile Streets
- Zoning
- R2(2)
- Directions
- Nile street to Milton street
- MLS® number
- X13083770
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-06-30
- Listed on
- 2026-05-05
- Days on market
- 56 days
- Possession type
- Flexible
- Co-op commission
- 2% +hst
- Seller
- Listed by
- Sutton Group - First Choice Realty Ltd.
Home Market Value
Current home valuation for 196 Nile Street, Stratford, Stratford, ON. Listed for $649,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 196 Nile Street, Stratford
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $149,900 over $500K
$39,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $24,384 | $18,132 | $15,468 | $0 |
=Total mortgage | $633,990 | $603,042 | $567,883 | $519,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,095monthly | $2,944monthly | $2,773monthly | $2,539monthly |
Land Transfer Tax
$9,473
$9,473
Around this home
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