31 BAY STREET, Stratford

2026-06-11
 

Quick Summary

Location
31 BAY STREET, Stratford, Ontario N5A4K7
Price
$550,000 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
2000 - 2500 sqft
Bedrooms:
3 bed +1
Bathrooms:
3
Garages:
5

MLS®#X13426542

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:32467)

Property Features

Building

  • Basement Development: Unfinished
  • Basement Type: N/A (Unfinished)
  • Cooling Type: None
  • Exterior Finish: Brick
  • Fireplace: No
  • Interior Size: 2000 - 2500 sqft
  • Building Type: Duplex
  • Stories: 2.5
  • Utility Water: Municipal water

Land

  • Land Size: 40 x 118.3 FT
  • Sewer: Sanitary sewer

Structure

  • Structure: Shed

Zoning

  • Description: R2-2

Information entered by Home and Company Real Estate Corp Brokerage
Listing information last updated on: 2026-06-10 21:03:58


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$500,000

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Hanan Soliman REALTOR

Phone:
519-520-3145
Email:
hananz.soliman@gmail.com
Support Area:
St. Thomas, Dorchester, Lambeth, Port Stanely, St. Mary's, Ilderton, Strathroy, Grand Bend, Sarnia, Chattham, Stratford, London, Woodstock

When it was time for me to grow, I decided to join the One Percent Realty team with my sellers in mi ...

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