12
See all 12 photos
$550,000
Est. payment /mo
4 Beds
3 Baths
2,000 SqFt
New
31 BAY STREET Stratford, ON N5A4K7
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000 - 2500
Square Footage 2,000 sqft
Price per Sqft $275
Subdivision Stratford
MLS® Listing ID X13426542
Bedrooms 4
Property Description
Turnkey, well-maintained, bright, clean, duplex investment opportunity in a quiet, sought-after Stratford neighbourhood with excellent tenants. Fully leased with current gross annual rental income of $40,800, $3,400 monthly with NOI of ~ $32,100.The lower unit features 1 bedroom, 2 bathrooms, private laundry, and exclusive use of the basement. The upper unit offers 2 bedrooms, 1 bathroom, private laundry, and exclusive use of the finished attic. Both units have been well-maintained over the years and have benefited from thoughtful updates, including renovated kitchens. Tenants pay their own hydro (separately metered 2x100A) and water, while the landlord pays the heat. Additional features include a large backyard, potential for an ADU, storage shed, parking for up to 5 vehicles, two water heaters, and ample storage space. A rare opportunity to acquire a fully leased income property with strong in-place rents, reliable long-term tenants, and attractive investment fundamentals close to schools, parks, downtown amenities, and public transit. Contact your realtor for more details and virtual tour. Roof and balcony completed in 2018; back porch completed in 2024 (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Third level 5.46 m X 6.4 m Den
Extra Room 2 Main level 2.51 m X 1.06 m Bathroom
Extra Room 3 Main level 2.9 m X 1.33 m Bathroom
Extra Room 4 Main level 3.47 m X 3.56 m Bedroom
Extra Room 5 Main level 3.03 m X 3.68 m Family room
Extra Room 6 Main level 4.12 m X 5.12 m Kitchen
Interior
Heating Forced air
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 5
Garage No
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Listed by Home and Company Real Estate Corp Brokerage
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