$375,000

For sale

#304 245 Downie Street, Stratford - Single Family for Sale

#304 245 Downie Street, Stratford, Ontario, N5A1X5

1 bed1 bath1 parking250 ft²$354/mo condo feeListed 8 days ago

Overview

This 1-bedroom, 1-bathroom condo in Stratford is for sale offering roughly 250 sq ft of space. Listed at $375,000, it is attractively priced about 18% below the $459,900 median asking price in Stratford. It has been on the market 8 days, fresher than the Stratford average of 103 days.

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Description

Welcome to Stratford and the exceptional Bradshaw Lofts! This incredibly historic building offers a unique experience in boutique condo ownership. The Clairemont, a stunning third/top floor unit is completely move-in ready, and if turn-key is what you are after, this is an excellent option. The thoughtfully laid out floor plan encompasses all of your needs with beautiful finishes including vinyl plank flooring, high ceilings, and a stunning interior exposed brick wall, and original wood ceiling. Feel the vibe of the arts and culture of this fantastic city from the moment you enter the buidling. It boasts a chic open concept lobby, and shares its space with the trendy wine bar/coffee shop, Brch & Wyn. Also a campus for the University of Waterloo. Perfect for students, educators, Stratford fans, professionals, or the investor who would like to broaden their portfolio with a solid high performing Airbnb unit. Management with an experienced company for the rental option can be continued. Located close to the heart of everything that makes Stratford such a memorable and desired spot to live and visit! (id:66096)

Property Details

MLS®: X14120526
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage, Shared
Condo Fee: $354/mo
Fee Includes: Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,475/yr
Listed: 8 days ago

Rooms

Main level

Bedroom: 2.44 x 2.74 meters
Living room: 3.35 x 4.57 meters
Bathroom: 1.5 x 2 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, Dishwasher, Dryer, Microwave, Oven - Built-In
Exterior: Brick
Lot Features: Flat site, Elevator, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Stratford listings, avg age

103d

Price / ft²

$1,503

List price

$375K

Haho

This 1-bed single family in Stratford has been listed for 8 days, which is 95 days fresher than the city average of 103. Act while there is still low competition.

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Listed by THRIVE REALTY GROUP INC. · HEATHER LOEDIGE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5A)

This home lists at $375,000, about 4.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $73,251 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$375,000· $1,503/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,750

Min 5%50%

Mortgage payment$1,975/mo

↳ CMHC premium ($14,250 capitalized)

Property tax (est.)$206/mo

Condo fee$354/mo

Total monthly$2,535

Cash Needed to Close

Down payment (5%)$18,750

Land transfer tax$4,100

Est. closing costs$3,625

Total cash needed$26,475

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