31 Bay Street
Property facts
- Property type
- Tenant
- Bedrooms
- 4
- Bathrooms
- 3
- Parking
- 5
- Taxes (as supplied)
- 2025
Only details supplied with this listing are shown. Ask the listing contact to confirm measurements, taxes and costs.
About this home
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
Location
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Listing information
- Original source
- stratford.listing.ca
- Added to Mirror
Added and updated dates describe the Mirror record. Source publication and verification dates are shown separately when known; none establishes time on market. Confirm current price and availability with the listing contact.
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