$549,900

$565,000For salePrice drop↓ $15,100 (3%)

40 Douro Street, Stratford - Multi-family for Sale

40 Douro Street, Stratford, Ontario, N5A3R3

6 beds3 baths3 parking2,250 ft²33 × 122 ft (4,039 sq ft) lot sizeListed 59 days ago

Overview

This multi-family property in Stratford is for sale offering roughly 2,250 sq ft of space. It has been on the market 59 days, fresher than the Stratford average of 104 days.

Multi-Family Properties for Sale in Stratford →All real estate in Stratford →

Description

Investors, first time home buyers or families looking for a home that has 2 living quarters, this is one property you do not want to miss viewing. Or if you are a first time home buyer and want to own your own house, what a great opportunity for the 2nd unit to help pay your mortgage. This duplex offers 2 separate living quarters, the lower level offers 3 bedrooms, in suite laundry with the upper level offering 2 or 3 bedrooms and in suite laundry, the 3rd bedroom being in the finished attic which offers a 3pc bath and eating area, this property also offers a detached single car garage and a newer storage shed. Both the upper and lower level pay their own hydro bills, the owner pays the gas. If you are a person that does not drive a car this location is within walking distance to down down and the local city bus station. Immediate possession is available, if you are in need of a home the sooner the better. this is one property you do not want to miss viewing, call today for more information or your own private viewing. (id:66096)

Property Details

MLS®: X13749664
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 3
Parking: 3
Interior Size: 2,250 ft²
Lot Size: 33 × 122 ft (4,039 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Property Tax: $4,336/yr
Listed: 59 days ago

Rooms

Main level

Sunroom: 6 x 2.1 meters
Kitchen: 3.61 x 3.16 meters
Living room: 5.12 x 3.22 meters
Primary Bedroom: 4.27 x 3.68 meters
Bedroom: 3.26 x 2.48 meters
Bedroom: 3.37 x 2.86 meters
Bathroom: 4.14 x 1.93 meters

Second level

Primary Bedroom: 4.03 x 3.25 meters
Bedroom: 2.97 x 2.92 meters
Bathroom: 2.08 x 1.58 meters

Features

Appliances: Washer, Water meter, Dryer, Furniture, Storage Shed, Two stoves, Garage door opener remote(s), Water Heater, Two Refrigerators
Foundation: Stone
Exterior: Wood, Brick
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

59d

Stratford listings, avg age

104d

Price / ft²

$244

List price

$550K

Haho

This 6-bed multi-family in Stratford has been listed for 59 days, which is 45 days fresher than the city average of 104. Act while there is still low competition.

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Listed by RE/MAX A-B Realty Ltd · SANDRA EBY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5A)

This home lists at $549,900, about 7.1× the local median household income of $77,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.

Median household income: $77,000
Population: 32,898
Median age: 46.4
Owner / renter: 66% / 35%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N5A)

$549,900· $244/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$361/mo

Total monthly$3,244

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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