$535,000

For saleJust listed

42 Home Street, Stratford - Multi-family for Sale

42 Home Street, Stratford, Ontario, N5A1Z7

4 beds2 baths3 parking1,750 ft²33 × 150 ft (4,940 sq ft) lot sizeListed 2 days ago

Overview

This multi-family property in Stratford is for sale offering roughly 1,750 sq ft of space. It has been on the market 2 days, fresher than the Stratford average of 104 days.

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Description

Welcome to 42 Home Street, Stratford - a well-maintained duplex offering an excellent investment opportunity. This property features two spacious 2-bedroom, 1-bathroom units, each providing comfortable living spaces with functional layouts and plenty of natural light. The lower unit is currently vacant, offering flexibility for an owner-occupant or an investor to secure a new tenant at market rent. Conveniently located, this duplex is within walking distance of schools, churches, grocery stores, and other everyday amenities. Downtown Stratford, with its renowned restaurants, shopping, parks, and cultural attractions, is just 1.5 km away. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, 42 Home Street offers versatility & convenience. (id:66096)

Property Details

MLS®: X14140798
Property Type: Multi-family
Zoning: R2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 33 × 150 ft (4,940 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: Finished, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $4,113.76/yr
Listed: 2 days ago

Rooms

Main level

Kitchen: 4.95 x 3.81 meters
Bedroom: 3.2 x 3.45 meters
Bedroom: 3.42 x 3.35 meters

Second level

Kitchen: 3.25 x 6.25 meters
Bedroom: 3.2 x 3.73 meters
Bedroom: 3.25 x 3.14 meters

Third level

Family room: 8.83 x 6.25 meters

Basement

Family room: 6.55 x 3.35 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Water Heater
Foundation: Poured Concrete
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Stratford listings, avg age

104d

Price / ft²

$306

List price

$535K

Haho

This 4-bed multi-family in Stratford has been listed for 2 days, which is 102 days fresher than the city average of 104. Act while there is still low competition.

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Listed by Royal LePage Hiller Realty · JEREMY SMID

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5A)

This home lists at $535,000, about 6.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $104,504 (20% down, 25-yr amortization, stress-tested) — roughly 36% 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)

$535,000· $306/ft²

For sale

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Full Cost Breakdown

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Down Payment5.33% · $28,500

Min 5.33%50%

Mortgage payment$2,808/mo

↳ CMHC premium ($20,260 capitalized)

Property tax (est.)$343/mo

Total monthly$3,151

Cash Needed to Close

Down payment (5.33%)$28,500

Land transfer tax$7,175

Est. closing costs$4,105

Total cash needed$39,780

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