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31 BAY STREET
Stratford Ontario N5A4K7 Canada

$550,000

Active Listing ID X13426542
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4 bed
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3.00 Bath
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Multi-family

$550,000

Active Listing ID X13426542
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31 BAY STREET 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: None
  • Exterior Finish: Brick
  • Heating Systems: Forced air, Natural gas
  • Additional Features
  • Basement
Listing Changed: 6/10/2026 9:10:14 PM GMT
Source Updated Date: 6/12/2026 12:01:09 PM GMT

Courtesy of: MAKLANE ROBERT DEWEVER, Salesperson, Home and Company Real Estate Corp Brokerage