388 Downie Street, Stratford, Ontario, N5A1X6




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$799,900
Stratford
This multi-family property in Stratford is for sale offering roughly 10,500 sq ft of space.
A rare chance to own a storied piece of Stratford history. The former Avon Hotel, dating to the mid-1800s, offers approx. approx 10,000 sq ft on a prime corner lot with two frontages on busy Downie Street. Located within walking distance to Downtown, the VIA Rail station, new bus terminal, University of Waterloo and Conestoga College campus, Avon Theatre, skate park and the future Community Hub. This 3-storey 19th-century building has undergone some rehabilitation and is looking for its next owner's vision. Potential for two commercial lease spaces on the main floor, and the vacant upper floors are ready for residential redevelopment. Zoned Highway Commercial C2-18. Offered as-is, where-is. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 299 days on market, against an average age of 104 days across the listings currently for sale in this city
This multi-family in Stratford is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $799,900, about 10.4× the local median household income of $77,000.
Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 103% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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