228 Nile Street, Stratford, ON

$499,900
MLS#:X9847905
4 beds
2 baths
1500-2000 sqft
2.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Stratford. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 30 x 69.5 ft lot
  • Features a ["crawl space", "unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Separate Heating Controls, Separate Hydro Meter, Water Heater
  • equipped with ["wall unit(s)"] central cooling and highly efficient forced air heating via gas

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!

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 7, 2025
Sold price information is available to members only
Listed Date10/31/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size30 × 69.5 Feet
CountyPerth
Annual Tax$3,383
Legal DescriptionPT LT 10 PL 19 STRATFORD AS IN R378014, S/T R378014, T/W R378014 IF ANY ; STRATFORD

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Wall Unit(s)"]

Features

Property Features

Community Features

Location

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228 Nile Street, Stratford, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 228 Nile Street, Stratford, ON N5A 4E9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$399,920
Monthly Mortgage$2,324
Property Tax (Est.)$282
Utilities & Maint.$350
Total Monthly Cost$2,956

Strategic Fiscal Clarity

Informed buyers do not make decisions based on list price alone. This analysis ensures your transition to a superior residence is supported by absolute fiscal certainty.

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